TIAA Henderson Real Estate (TH Real Estate) and Palmira Capital Partners have purchased a logistics and distribution warehouse in the Erlangen- Höchstadt district. The 11,850 sqm facility was purchased from Akkumula Immobilien. TH Real Estate and Palmira Capital partners created German Logistics Fund, which is administered by IntReal KAG and has a target volume of up to €400m. Earlier in the summer, the fund purchased a 41,000 sqm fulfillment center in Greven (near Munster).
