has invested an undisclosed sum to buy a logistics property and a car park asset in Germany Complemus Real Estate.
The manager has bought a 7,300sqm asset in Oerlenbach near Schweinfurt on behalf of the open-ended Deutschland Logistik Invest fund and has acquired a three-storey building car park near Wuppertal on behalf of a closed-end investment limited partnership.
Warburg-HIH Deutschland Logistik Invest鈥檚 latest acquisition is the tenth asset held in the fund. So far, the fund, which plans to invest in 鈧�500m worth of assets, has acquired close to 鈧�300m assets.
Andreas Strey, co-head of fund Management and head of logistics at , said: 鈥淲ith the last-mile distribution centre near Schweinfurt, we further enhanced the geographical diversification of the fund. We managed to secure the asset as early as April of last year in conjunction with an off-market portfolio acquisition.
鈥淲e are glad about this opportunity to add a new-build logistics asset with great alternative use potential and occupied by a tenant with a long-term horizon to the fund.鈥�
Lars Bothe, senior transaction manager Germany at Warburg-HIH Invest, said: 鈥淎 growing number of major e-commerce retailers are setting up their own logistics platforms in order to ensure the swift delivery of their parcels.
鈥淔or the distribution centre and the last-mile delivery business, it is often indispensable to have your own car park if you need to keep a sufficient number of vehicles on hand. This makes multi-storey car parks a diversification option with great potential and significant yield upside for a given property portfolio.鈥�
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