FRANKFURT, 29 March 2021 – CBRE Global Investors has secured new tenants for 21,000 sq m of logistics space in two separate transactions in Germany. The new long-term leases were closed at the recently acquired Airpark Berlin logistics park and at a logistics facility in Dietzenbach near Frankfurt.
At Airpark Berlin, Geis Air + Sea GmbH, a subsidiary of international shipping and logistics company Geis Group, has taken a 5,000 sq m lease. CBRE Global Investors bought the state-of-art logistics park at the end of last year and three of the four c. 5,000 sq m buildings in the last construction phase have recently been completed and are already rented out. Overall, the Airpark Berlin encompasses 83,000 sq m of space. It is located on the A113 motorway, 30 minutes from Berlin’s inner city, and is only a few kilometers from the Schönefeld and the new Berlin Brandenburg airports.
In Dietzenbach, CBRE Global Investors has leased more than 16,000 sq m of logistics space to teknihall Elektronik GmbH. The company, specialising in servicing electronic products, took a 5,500 sq m lease in December and has now expanded its space by 10,700 sq m to occupy the entire building. The asset is located 15 kilometres south of Frankfurt. Both the A3 an A661 motorways can be reached in a few minutes from the site.
“With the addition of Geis Air + Sea, we are building on the diverse mix of tenants at Airpark Berlin,” said Tore Gehres, Head of Asset Management Logistics Germany at CBRE Global Investors. “We have tenants from the industrial, food and logistics sectors on site. Aside from the location, the leasing success in Dietzenbach hinged on our ability to provide an attractive package for teknihall, particularly to provide further space for growth.”
With €11.3bn* of assets under management and seven million sq m of space across 11 countries, CBRE Global Investors is a leading logistics investor and operator in Europe.
*As of December 31st 2020
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About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $122.7 billion in assets under management* as of December 31, 2020. 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:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2020 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees serving clients in more than 100 countries. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments 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 assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.