Frankfurt, 13 November 2015 – CBRE Global Investors has relet a 19,100 sqm lease at Hamburger Logistikzentrum Altenwerder III to Lehnkering Group for a further five years.
The Logistikzentrum Altenwerder LZA III is located in close proximity to the Container-Terminal-Altenwerder (CTA) with direct connections to the GVZ rail network and within 500m of the A7 motorway. The complex comprises of eight halls, with approximately 80,000 sqm of hall and mezzanine space and approximately 6,500 sqm of high quality office space. Two halls with approximately 10,000 sqm warehouse space per hall are available for rent currently.
Tore Gehres, Head of Asset Management, Logistics at CBRE Global Investors Germany, said: “This is a good opportunity for our logistics’ providers. The location offers a tri-modal access to road, rail and the Container Terminal Altenwerder. This early contract extension with Lehnkerign is a confirmation that there is strong demand for good quality logistics.”
Lehnkering Group serves customers from the chemical industry in the fields of road logistics, chemical manufacturing, distribution and logistics special services.
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About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $86.0 billion in assets under management* as of September 30, 2015. 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 more than 70,000 employees in more than 400 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the 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 investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. 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.