Peakside Capital Advisors has acquired three mixed-use logistics assets as well as a parking deck with 20,000 sq.m. of space at Frankfurt Airport’s air freight hub CargoCity Süd.
The company plans to refurbish the assets as part of its manage-to-green strategy.
Simon Lutz says: “A dynamic leasing market makes logistics in Frankfurt an attractive proposition. Demand for flexible and modern spaces in the CargoCity Süd, Europe’s leading air freight hub, remains particularly high. Following the refurbishment, we will be able to offer different types of spaces for the demand on site.”
Boris Schran adds: “With the acquisition, we are adding a prominent location with value-add and rental growth potential for our investors to the logistics portfolio. Logistics investments are playing a major role also in the acquisition strategy of our Peakside Real Estate Fund IV. We entered the investment phase last year and are looking for further investment opportunities in development as well as existing buildings at established logistics hubs for the discretionary fund.”
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