GARBE Industrial Real Estate has acquired three logistics properties with a combined lettable area of more than 947,000 sq ft in northern Germany.


GARBE’s new acquistion in Norderstedt

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.