Nrep has established a joint venture with a German family office to build up a sustainable logistics portfolio in Germany. The first joint project is a 18,500 metres squared brownfield development in Mannheim. Nrep's logistics property development and management platform Logicenters and German investment and Cologne-based asset management company evolutiq will act as developers and asset managers for the joint venture. Evolutiq acquired the 28,000 metres squared development site at Friesenheimer Strasse 2-4 in Mannheim's Bonadieshafen. The property will be located in the immediate vicinity of Mannheim city centre with connections to Frankfurt and southern Germany.
Source: nrep.com on the 24th of November 2023
https://nrep.com/news/nrep-makes-first-real-estate-investment-in-germany/