Real I.S. AG has purchased the logistics portfolio in Germany from W&B Projektportfolio GmbH for its special real estate alternative investment fund (AIF) Themenfonds Deutschland II.
The Quarto portfolio comprises four logistics/industrial buildings which comply with the German KfW 55 energy-efficiency standard and are located in the German cities of Essen, Remscheid, Stockstadt and Weilheim.
The total area of around 13,150 square metres (3,000 to 3,800 square metres each property), with 120 parking spaces (approx. 30 per building), has been let on a long-term lease and is part of the branch network of the European B2B market leader in vehicle parts trading. The buildings were completed between 2019 and 2021.
The parties have agreed that the purchase price paid will not be disclosed.
The properties are situated at excellent locations in Germany’s Ruhr area, in the southern affluent area of the Munich metropolitan area or near the city of Aschaffenburg, within easy reach of the German motorway A 3.
”The logistics sector has been growing very strongly for years. Through the Quarto portfolio, we are creating urgently needed storage space featuring flexible usability. It also suitable for last-mile logistics in addition to conventional logistics. There are two aspects that fit the strategy of our investors: full occupancy of the properties over the long term, and the high quality of construction. The long-term full occupancy of the properties and the high construction quality with KfW-55 standard align with the strategy of our investors”, said Axel Schulz, Global Head of Investment at Real I.S. AG.