Catella Real Estate acquires 3 cross-dock logistics properties with 15,163 m² of usable space in Nuremberg, Mainz and Iserlohn for the ‘Catella Logistik Deutschland Plus’ special fund

The three cross-dock logistics halls in Nuremberg, Mainz and Iserlohn are almost identical existing buildings built in 2016. The total plot size of all properties is around 53,000 m². The three buildings have a rentable area of 15,163 m² as well as 10 lorry parking spaces, 150 van parking spaces and 96 car parking spaces. The logistics space accounts for around 90 per cent of the rental space, while the remaining 10 per cent is used as office space. The buildings have a hall height of 7.00 metres and a floor load-bearing capacity of 20 kN/m².

The properties are 100% let to Deutsche Post. The leases are triple-net contracts with ‘roof and shelf’, meaning that all necessary maintenance work is carried out by the tenant. Deutsche Post uses the properties as last-mile cross-dock sorting and delivery bases, from which Nuremberg, Mainz and Iserlohn and their surrounding areas are supplied.

Catella Real Estate AG received legal and tax advice on the acquisition from DLA Piper UK LLP and technical advice from x.project AG. With regard to the ESG requirements, x.project AG also carried out an ESG assessment. BNP Paribas Real Estate brokered the transaction.

‘Catella has successfully secured three more attractive properties for the ‘Catella Logistik Deutschland Plus’ special fund, further increasing both regional and sectoral diversification,’ says Bernhard Pfeiler, Senior Investment Manager at CREAG. ‘With the tenant Deutsche Post, we have a strong partner at our side who, like us, sets high sustainability standards and is continuously developing. With its ‘Mission 2050’, DHL is striving for climate neutrality through the use of e-vehicles, the reduction of CO2 emissions and ESG investments.’

About the ‘Catella Logistik Deutschland Plus’ fund

The ‘Catella Logistik Deutschland Plus’ fund has a target volume of around EUR 500 million and invests in sustainable warehouse and logistics properties in Germany and neighbouring countries. The investment focus is on properties in good to very good locations in established logistics regions with proximity to transport hubs and conurbations as well as production centres. The investment strategy focuses on existing properties as well as new-build properties and special logistics halls (e.g. parcel distribution centres, delivery bases, fulfilment centres, cross docks, light industrial and industrial properties, refrigerated logistics, etc.).

Notes:

The ‘Catella Logistik Deutschland Plus’ investment offer presented here is aimed exclusively at semi-professional and professional investors within the meaning of the German Investment Code (KAGB). It is an entrepreneurial investment with a long-term commitment that is associated with risks. Investors provide the investment company with equity, which can be eroded by losses. The investment can only be traded to a limited extent. There is a risk that it cannot be sold. Future performance is subject to taxation, which depends on the personal situation of the respective investor and may change in the future. There are further risks, which are explained in the information for semi-professional and professional investors in accordance with Section 307 (1) and (2) KAGB; these are available from Catella Real Estate AG, Alter Hof 5, 80331 Munich. Before a semi-professional investor subscribes, Catella Real Estate AG or the authorised sales agent will satisfy itself in accordance with the statutory provisions that the investor is in a position to understand the risks associated with this investment.

For further information please contact:

Catella Real Estate AG

Julia Stübler

Marketing & PR Manager

T: (0)89 189 16 65 275

F: (0)89 189 16 65 466

M: +49 (0)152 389 228 65

E: julia.stuebler@catella-investment.com