Europa and Garbe grab Austro-German logistics portfolio for €93m

Europa Garbe Troisdorf-linke Seite

The joint venture between investor Europa Capital and Garbe Industrial Real Estate has acquired a light industrial and logistics portfolio in Germany and Austria for €92.5m (£82m).

Acquired on behalf of the pan-European value-add fund Europa Fund V from a joint venture between Crossroads European Real Estate Fund and Palmira Capital Partners, the portfolio contains six total assets spanning close to 2m sq ft.

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