GARBE Industrial Real Estate has acquired three logistics properties with a combined lettable area of more than 947,000 sq ft in northern Germany.
The three distribution warehouses, which have been acquired for GABRE’s fund GARBE Logistikimmobilien Fonds Plus (GLIF+), are located in the cities of Bremerhaven, Neu Wulmstorf and Norderstedt. Their tenants are mainly logistics and retail companies with a weighted average lease term of three and a half years.
“These three logistics assets, based in fast-growing macro-environments, perfectly complement the fund portfolio,” said Christopher Garbe, Managing Director of GARBE Industrial Real Estate. “Encouraged by its great success, we are now preparing to launch a successor fund.”
CBRE advised GARBE.