Elite Partners Capital acquires logistic centre in Germany

Victor Song, co-founder and chief executive officer of Elite Partners Capital, says that the stabilising interest rates offers a strategic window of option for capitalists to come back the market.

Elite Partners Capital prepares to boost the centre’s environmental, social and governance (ESG) requirements, and expects to acquire the DGNB Gold Certification– the certification granted by Germany’s sustainable building council.

Elite Partners Capital, a Singapore-based alternative venture management company, has acquired a global logistics facility situated within Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics park is near to Stuttgart, the automobile capital of Germany.

The industrialized region is served by many commuter options, including straight links to different motorways, connectivity to the Port of Karlsruhe– a primary inland port around the Rhine river, as well as distance to key global airport terminals in Frankfurt and Stuttgart.

In a June 27 news release, the company says that the place was obtained through the company’s main Elite Logistics Fund II. The Pan-European logistics fund is supported by a sovereign wealth fund, along with a connection of family group offices across Asia.

Hillhaven showflat location

The asset was sold by a joint venture between worldwide alternative investment management corporation TPG Angelo Gordon and Germany-based investment and property management company aam2core Holding. The transaction was brokered by CBRE’s capital markets group in Germany.

The area covers around 1.94 million sq ft. More than 85% of the real estate’s final lettable area is currently renter to an automobile titan on a prolonged rental, functioning as their international logistics centre.

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