GARBE Industrial Real Estate and a BlackRock-managed fund have acquired a site in Germany through their logistics and commercial properties development partnership.
Garbe said the joint venture has acquired a 27,500 square metre site in Hirschaid to develop a 17,500 square metre logistics facility. The project is valued at €23 million. Construction is expected to start in the second quarter of 2025.
Source: IPE Real Assets, 10 April 2025
https://realassets.ipe.com/news/garbe-and-blackrock-acquire-german-site-for-logistics-joint-venture/10129985.article