Savills Investment Management (IM) has acquired a newly built logistics centre in HamburgBillbrook from ECE Work & Live for a German investor.
The purchase is the first logistics transaction as part of an investment mandate for the unnamed German investor, which aims to build up a logistics sub-portfolio. The focus is on core properties in prime logistics locations.
The Grade A logistics centre, which was completed in September 2024, consists of three units and comprises a total of around 28,600 square meters of rental space, which is fully let to Pandora and Kühne + Nagel on a long-term lease.
Source: realassets.ipe.com on the 26th of November