Deutsche Lagerhaus GmbH u. Co KG (DLG), a wholly owned subsidiary of IMMOFINANZ Group, is announcing a successful sale and numerous rentals. A logistics property in the Swiss city of Egerkingen was sold in excess of the carrying amount for nearly CHF 60m. The buyer is a real estate fund subsidiary of Credit Suisse AG. In addition, leases for approximately 45,000 sqm of space were concluded or extended in Germany. The well-known tenants include, among others, Fressnapf, Europe’s largest specialty retail chain for pet supplies.
The sold property is located in the Swiss canton of Solothurn and has approximately 34,400 sqm of rentable space on two warehouse levels. The exterior areas total 7,000 sqm. The parties have agreed not to release any further details on the transaction. After this sale, IMMOFINANZ Group owns three other logistics properties in Switzerland.
The largest new leases and lease extensions recently concluded by DLG include a contract with Tiernahrungs GmbH Fressnapf. This company has signed a long-term lease for nearly 12,000 sqm of warehouse and office space in the Düsseldorf logistics cluster at Willich, in the province of North Rhein-Westphalia.
At a building in Poing near Munich, Naxos NGL has signed on as a long-term tenant for approx. 8,500 sqm.
A long-term lease for approx. 2,600 sqm was also signed with Kraftverkehr Nagel, which will move in during July of this year.
