CBRE IM and global commercial real estate developer Trammell Crow Company (TCC) have partnered to purchase a 38,500 m2 logistics property near Berlin, Germany. The seller was Real Core Holding, a Frankurt-based joint venture between May & Co. and Pflugfelder for the development of industrial and logistics properties.
RCH acquired the property in 2017, developed the development plan, and obtained a building permit in 2021. The construction of the project is expected to start this year.
In their first collaboration in Germany, CBRE IM and TCC will develop a logistics facility with a gross floor area of 20,981 m2 that can be divided into two units. It will include 18 truck loading ramps, two ground-level sectional doors, and 210 barrier-free car and 19 truck parking spaces. The building will be heated with a heat pump and will have a photovoltaic-capable roof.
Upon completion, TCC and CBRE IM are aiming for BREEAM Excellent certification.
Source: PropertyEU on 11 Sep 2024