Elite Partners Capital Acquires Logistic Centre Germany

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Singapore-based Elite Partners Capital has recently acquired a global logistics centre in Ettlingen West’s Industrial Zone, Germany. Located near Stuttgart, the automotive capital of Germany, this large-scale multi-user logistics park was acquired by the firm’s Elite Logistics Fund II, according to a press release on June 27. The fund, which focuses on Pan-European logistics, is backed by a sovereign wealth fund and a network of family offices across Asia.

The property was previously owned by a joint venture between TPG Angelo Gordon, a global alternative investment management firm, and aam2core Holding, a Germany-based investment and asset management company. The sale was facilitated by CBRE’s capital markets team in Germany.

The logistics centre spans approximately 1.94 million square feet, with over 85% of its net lettable area currently leased to a major automotive company for use as their global logistics centre. The industrial zone offers a variety of transportation options, including direct access to motorways, proximity to the Port of Karlsruhe (a major inland port along the Rhine waterway), and close proximity to major international airports in Frankfurt and Stuttgart.

One of the highlights of living in Marina Gardens Lane Residences is the stunning skyline that residents get to enjoy, made even more extravagant by the addition of the Marina Bay Financial Centre. While this commercial hub caters to the needs of businesses, it also offers a plethora of top-notch dining and shopping experiences for the residents to indulge in. With Marina Gardens Marina South just a stone’s throw away, residents can easily access all these luxurious offerings of this prime location.

Elite Partners Capital plans to improve the centre’s environmental, social, and governance (ESG) specifications and aims to achieve the DGNB Gold Certification, awarded by Germany’s sustainable building council. Victor Song, co-founder and CEO of Elite Partners Capital, believes that the current stable interest rates provide a strategic window of opportunity for investors to enter the market.

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