German asset manager Values Real Estate has acquired a logistics building in Schlitz near the city of Fulda in Central Germany for its Values logistics real estate fund as part of a sale and leaseback transaction.
Financial details were not disclosed. The property, Am Eichberg 1, is located near the A7 motorway and has a total rental area of 11,000 square metres on a gross area of 42,000 square metres. The seller and long-term tenant is lighting specialist Lampenwelt, part of the LUQOM Group, which built the building ensemble in two construction phases in 2012 and 2017 and is still the sole user of the property today.
Source: propertyeu.info on the 9th of October 2023