Tritax EuroBox has continued its rapid acquisition of a series of continental European logistics assets with the €27.5m (£24.3m) forward funding of a logistics development near Hannover at a net initial yield of 4.9%.
The logistics development is pre-let to HAVI Logistics as a new cold store and primary distribution facility in Wunstorf with the deal conditional on receiving planning permission “in the near term”.
HAVI is part of HAVI Global Logistics, which has an annual turnover of €4.5bn and is a pan-European food service logistics company. The new facility will be HAVI’s primary distribution centre focused on the convenience food sector in Germany.
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