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| EB8 acquires portfolio of German light industrial assets GPT Halverton announced their latest acquisition for the EB8 logistics fund with the purchase of a portfolio of light industrial assets located in North Rhine-Westphalia, Germany for €32.2 million. GPT Halverton has acquired five properties located across two sites in the towns of Loehne and Bad Oeynhausen totalling 82,500 sqm of net lettable area. Of this space, approximately 78,660 sqm comprises warehouse space and 3,860 sqm comprises ancillary office and storage areas. Loehne, Dieselstrasse (8-10), comprises three large distribution warehouses with ancillary offices totalling 78,800 sqm and a separate office and administration building of around 2,090 sqm. All four buildings are let under strong covenants to Hermes Logistics, a subsidiary of the Otto Group, one of Europe’s largest mail order companies. Located on the northern border between North Rhine-Westphalia and Lower Saxony, the site benefits from its close proximity to some of Germany’s most significant road links in the A30 / E30 and A2 / E34 autobahns giving access to the major logistics hubs of Amsterdam and Rotterdam in the West and the important markets of Hannover, Berlin, Poland and Russia in the East. The site also benefits from direct onsite rail access and is surrounded by major towns such as Hannover, Bremen and Dortmund. Bad Oeynhausen, Zum Bache 4, comprises a warehouse and light production facility with ancillary offices totalling approximately 1,610 sqm. The building is let under strong covenants to Window Master, a ventilation products provider who are part of the VKR Group of companies. write your comments about the article :: © 2007 Construction News :: home page |