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.