GARBE Industrial, one of the leading developers, providers and managers of logistics, industrial and commercial property in Germany and Europe, has sold a fully let logistics property in Nittendorf, near Regensburg, to a UK-based investment company specialising in logistics property. The parties have agreed not to disclose the purchase price.
“Having achieved full occupancy last year, we have realised an attractive return for our investors through this sale,” says Sebastian Raschen, Head of Investment & Capital Markets at GARBE Industrial.
Built in 2000, the logistics property is situated on a site of approximately 33,400 square metres in the Regensburg region, in the immediate vicinity of the A3 motorway. It connects the site to Nuremberg and Frankfurt to the north-west, and to Regensburg and Passau to the south-east.
The property has a total floor area of approximately 17,700 square metres. Of this, approximately 13,700 square metres is allocated to warehouse and handling areas. The space on offer is complemented by mezzanine and office areas. With 15 loading bays and an additional low-level ramp, the property offers flexible usage options for logistics processes.
On the seller’s side, Valveo GmbH acted as estate agent and Greenberg Traurig as legal advisers for the transaction.
