Munich, 18.03.2020 – TA Europe has carried out the technical due diligence of the logistics property “Erfurt II – Last Mile Distribution Center” for AEW Invest GmbH. The investment company acquires the property from the project developer GIEAG Immobilien AG. The closing of the transaction will take place in March 2020. The long-term tenant is Amazon Deutschland SI Transport GmbH.
The logistics property at Joseph-Meyer-Strasse 5 is located on a 40,000 sqm site and offers 24,200 sqm of modern rental space for logistics, office and mezzanine use. TA Europe carried out the complete technical due diligence of this modern distribution centre.
Wolfgang Schlicht, Managing Partner of TA Europe, says: “Modern distribution centres are becoming a decisive competitive advantage due to growing online trade and increased customer needs. I am particularly pleased that AEW Invest GmbH, one of the largest logistics investors in Europe, has once again relied on our expertise in the field of technical due diligence in acquiring this property”.
Niklas Raether, Director at AEW Invest GmbH, adds: “We have established a trustworthy working relationship with TA Europe, based on our previous collaborations. TA Europe was re-commissioned because of their affinity with the logistics real estate asset class.”
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