TH Real Estate and Palmira Capital Partners have acquired a logistics center in Ginsheim-Gustavsburg. The acquisition was made on behalf of Investoren-Club-Fonds German Logistics fund. The price of the deal was not disclosed. The logistics center features 10,000 sqm of refrigerated warehouse space, 650 sqm of mezzanine space and 1,670 sqm of office and social space. The main tenant is Balthasar Papp Internationale Lebensmittellogistik. TH Real Estate and Palmira Capital Partners were advised by Graf von Westphalen, while Goodwin Procter LLP advised the seller.
