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Catella snaps up three German sheds

Catella Real Estate has acquired three cross-dock logistics properties in Nuremberg, Mainz and Iserlohn for its special fund Catella Logistik Deutschland Plus. 

The assets, built in 2016, were acquired from DWS. Financial details were not disclosed. 

The sole tenant is Deutsche Post, which uses the properties as last-mile cross-dock sorting and delivery bases. The plot size of all properties is around 53,000 square meters in total. The three buildings have a lettable area of 15,163 square meters as well as 10 truck, 150 van and 96 car parking spaces.

Source: propertyeu.info on the 3rd of December

https://propertyeu.info/Nieuws/Catella-snaps-up-three-German-sheds/829b4201-99b0-4abc-ae24-25e7767111d8