FRANKFURT, 17 November 2014 – A fund managed by CBRE Global Investors has acquired The Delta Forum Business Park, Ginsheim-Gustavsburg, Hesse for €16 million in an off market deal. The vendor was Hansteen.
The 20,256 sq m industrial estate is located in Ginsheim-Gustavsburg, which is a well-established industrial location, 24 km from Frankfurt Airport and well connected by road, rail and waterways. Ginsheim-Gustavsburg is within one of the Big 5 logistic and industrial clusters in Germany.
Delta Forum was built between 1997 and 1998 and is split into two sections, comprising 15 units and 165 car parking spaces. The property has 12 tenants, the largest being Rhenus (5,559 sq m). MBS Medical Business Solutions, Inergy Automotive Systems and Indat Robotics are the next three largest tenants.
“The tenant mix is both stable and diversified and with the property being almost fully leased, we have acquired a low risk asset within one of the most liquid investment markets in Europe” commented Richard Everett, fund manager, CBRE Global Investors.
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About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $88.6 billion in assets under management* as of September 30, 2014. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has approximately 44,000 employees in approximately 350 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of properties and real estate-related loans; securities portfolios; and investments in operating companies, joint ventures and in private real estate funds under its fund of funds program. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.