Geneva-based asset manager Global Gate Capital acquired a portfolio of four core logistics properties in Munich, Hamburg and Duisburg, totaling 56,000 sqm of leasable space. The seller is Active Real Estate Fund II, managed by InfraRed Capital Partners. The price of the deal was not disclosed. Global Gate Capital was advised by BNP Paribas Real Estate and Eversheds, while InfraRed was advised by JLL, Orrick, Herrington & Sutcliffe.
The portfolio includes a 21,000 sqm warehouse in Munich-Unterschleissheim, two warehouses, totaling 21,000 sqm, in Hamburg-Allermoehe and Hamburg-Billbrook and a 14,000 sqm unit in Duisburg. Tenants include global logistics operator Logwin and global food distributor Univeg.
