TH Real Estate and Palmira Capital Partners have acquired a distribution center in the town of Winkelhaid in northern Bavaria, Germany, on behalf of the Investoren-Club-Fonds German Logistics. The property was sold by an affiliate of MCAP Global Finance in London, the European arm of Marathon Asset Management in New York. The distribution center was built in 2001 and totals 13,830 sqm of space divided into warehouse, office and ancillary space. The property is occupied by the office wholesaler Adveo as its distribution hub for southern Germany and southern Europe. The property is located 20 km south-east of Nuremberg near the Kreuz Altdorf has direct access to the A6 and A3 motorways.
