TH Real Estate and Palmira acquire a logistics park near Munich
TH Real Estate and Palmira Capital Partners have acquired the logistics park Unterschleißheim near Munich for the portfolio of the investors club fund German Logistics (ICF GLog).
The logistics park used as a distribution and handling center having total lettable space of approximately 24,000 square meters was constructed in 1988 and most recently expanded with an addition and renovated in 2016. In addition to drying and cold storage facilities, the property has parking and maneuvering space and offers the users cross-docking possibilities. The location in the population center of Munich is connected directly to the Munich Nordring as well as the Munich airport with freeways. The property is fully leased out for the long-term. The main tenant is the freight forwarding service Logistikpartner Schneider & Co GmbH Speditions- und Logistik KG.
The logistics park Unterschleißheim is already the twelfth property which has been acquired for an invested club ICF GLog for Institutional Investment Partners (2IP). GvW Graf von Westphalen (Frankfurt) acted on all purchases by the fund. Thomas Schroiff (lead partner) and Shari Kind (both real estate, Frankfurt) acted in this transaction.
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