Crossbay achieves full occupancy across two German urban logistics assets
Crossbay achieves full occupancy across two German urban logistics assets
Crossbay, the urban logistics strategy of pan-European real estate asset and investment manager MARK Capital Management, has announced the successful full leasing of two assets in Berlin and Hamburg, Germany.
Crossbay's Gateway 85 distribution centre in Großbeeren, south of Berlin, is now fully occupied following the expansion of existing tenant Sportstech and the signing of two new occupiers, logistics service providers ACUT and J&T. The asset was previously 40% let to e-commerce platform Sportstech in August 2025, the largest letting event in the south Berlin logistics market that year.
Crossbay acquired the property vacant in Q4 2024 and recently completed an extensive refurbishment programme to convert the former single-tenant warehouse into a multi-let structure. The building comprises close to 36,000 sq m of total leasable area and is positioned on a substantial self-contained site with
Located within the GVZ Großbeeren, one of Europe's largest freight traffic centres, Gateway 85 benefits from direct access to the B101, proximity to the A10 motorway, and strong connectivity to central Berlin and Berlin Brandenburg Airport.
In Hamburg, Crossbay has successfully re-let the final remaining space in a 7,000 sq m asset to shipping company Glomm Logistics, achieving full occupancy with no void period. This follows the renewal of two existing leases in 2025 with two local logistics services providers.
The asset is located within the established Allermöhe logistics submarket, located 15 minutes away from Hamburg Central Business District, and comprises two buildings with a shared yard and strong dock:door ratio.
Colliers, Realogis, and BNP Paribas Real Estate advised Crossbay on the above transactions.
Claire Haddon, Head of Asset Management at Crossbay, said: "These leasing milestones reflect the successful execution of Crossbay's investment strategy: targeting well-located urban logistics assets before implementing disciplined capex programmes to optimise occupancy and deliver long-term performance. Our localised approach, with detailed knowledge of micro-location characteristics, has enabled us to deliver results in line with our business plans and estimated rental values despite the challenging macro-environment."
Crossbay has been investing in Germany since 2021 and currently manages over 180,000 sq m of warehouse space in the country following recent acquisitions in Munich, Frankfurt, Hamburg, Düsseldorf and Berlin.
The German assets form part of Crossbay's 875,000 sq m pan-European portfolio comprising predominantly single-user urban distribution centres, all within major gateway cities. Since 2018, MARK's Crossbay strategy has deployed in excess of €2bn and managed approximately 2 million sq m of European urban logistics assets on behalf of a global investor base.
Trung Nguyen, Vice-President - Investment & Asset Management at Crossbay, said: "Germany remains a high-conviction market for us. Leveraging our proprietary sourcing channels, we will capitalise on market dislocation to acquire strategically located, under-rented or short-lease assets where Crossbay's full lifecycle capabilities can unlock reversionary potential through active asset management and portfolio aggregation."
