Elite Partners Capital acquires logistic centre in Germany

Elite Partners Capital prepares to enhance the center’s environmental, social and governance (ESG) requirements, and expects to obtain the DGNB Gold Accreditation– the certification granted by Germany’s sustainable building council.

Victor Song, co-founder and chief executive officer of Elite Partners Capital, claims that the stabilising rates of interest provides a tactical window of option for capitalists to return to the market.

Elite Partners Capital, a Singapore-based alternative financial investment management business, has acquired a global logistics facility situated inside of Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics area is near to Stuttgart, the automotive capital of Germany.

In a June 27 announcement, the business says that the site was obtained by means of the company’s forerunner Elite Logistics Fund II. The Pan-European logistics budget is backed by a sovereign assets fund, alongside a connection of family group offices across Asia.

The site covers about 1.94 million sq ft. More than 85% of the real estate’s final lettable area is presently occupier to a vehicle giant on a prolonged contract, serving as their global logistics center.

The industrial region is offered by lots of travel options, including direct links to numerous freeways, access to the Port of Karlsruhe– a primary inland port around the Rhine river, in addition to closeness to primary international airports in Frankfurt and Stuttgart.

The Arden Sing Holding Limited

The investment was marketed by a joint investing in between international alternative investment management corporation TPG Angelo Gordon and Germany-based investment and asset management business aam2core Holding. The purchase was brokered by CBRE’s capital markets team in Germany.