AEW acquires logistics park for German pension scheme
AEW has bought a last-mile logistics and business park development in Germany on behalf of an unnamed German pension scheme. The real estate manager said it has acquired the asset in Hanau, close to Frankfurt for the pan-European separate account mandate it manages on behalf of the pension scheme. The logistics park project was acquired from Inbright and Convalor for an undisclosed amount. The project, which is due to complete in early 2023, will comprise three warehouse buildings totalling 28,000...