has invested an undisclosed amount to buy a fully-let 28,900sqm logistics property in Germany from a fund.
The manager said it bought the logistics property at M盲rkische Allee 4-10 at the GVZ Grossbeeren freight centre south of Berlin for its open-ended Deutschland Logistik Invest fund.
The acquisition is the ninth asset in the fund.
Lars Bothe, a senior transaction manager for in Germany, said: 鈥淭he acquisition significantly enhances the fund鈥檚 diversification in terms of geography and tenant-industry mix. The interest shown by national and international investors on Berlin鈥檚 logistics real estate market remains as strong as ever, and was further boosted by the COVID-19 pandemic.
鈥淲e do not expect to see the action on the strained market to ease in the coming quarters, because demand for core assets like this one persists. Which makes it all the more rewarding to have managed to acquire this logistics property for our fund.鈥�
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