Apeiron buys logistics portfolio in Germany for €200m

Apeiron buys logistics portfolio in Germany for €200m

A partnership between European asset and investment management specialist Apeiron Capital (Apeiron) and Midas International Asset Management has acquired the 150,000 sqm Maple logistics portfolio in Germany from the Healthcare of Ontario Pension Plan, one of Canada’s largest pension funds, advised by Jones Lang LaSalle, for €200 million.

The investment was ultimately funded by South Korean institutional investors, said the company in a statement.

The transaction follows Apeiron’s acquisition of a portfolio of German logistics assets made in May 2019 in a joint venture with GreenOak Real Estate and Hana Financial. The acquisition of the Maple portfolio takes Apeiron’s total German logistics asset acquisitions to almost 600,000 sqm.

The 150,000 sqm logistics portfolio comprises three assets in important German logistics locations, including a 100,000 sqm fulfilment centre let to a well-known e-commerce specialist. Each of the assets in the portfolio are well-positioned close to key domestic and international roads with excellent access to transport infrastructure. The weighted average lease term for the assets is close to 14 years.

“The Maple portfolio is a unique collection of high-quality assets let to some of the world’s leading companies. Each of the buildings is well-located in established logistics hubs and have a high technical specification. The acquisition builds on a number of recent deals for Aperion which has seen our portfolio expand significantly in Germany and is in line with our stated strategy of acquiring excellent logistics assets across key transport routes,” said Vojkan Brankovic, CEO and Founder, Apeiron.

Clifford Chance, KPMG, CBRE and Drees & Sommer advised the purchaser.