Fidelity International ("Fidelity") announces the acquisition of a logistics property in Nuremberg for the 'Fidelity Real Estate Logistics Impact Climate Solutions Fund SCA SICAV-SIF' ("LOGICs"). This strategic acquisition marks the second German property for the fund, which continues to expand its portfolio in key European markets.
The Nuremberg property offers superb infrastructural connections to multiple superregional highways and benefits from proximity to a harbour and an airport. It was completed in 2010 and is fully let to the third-party logistics service provider Elsen Logistik GmbH. It features market-standard, modern logistics specifications and comprises almost 19,000 square meters of rental area on a plot of nearly 33,000 square meter site.
Source: sent via press release on March 4 2025