Munich: TH and Palmira buy airport logistics center
TIAA Henderson Real Estate (TH Real Estate) and Palmira Capital Partners have acquired a logistics center at Munich Airport for their German Logistics Fund (GLOF). A property company of Ariston Real Estate sold the 9,000 sqm trans-o-flex parcel distribution center built in 1990 in the airport’s Freising section. The lease with trans-o-flex runs until the end of 2020. This was the 15th acquisition in Freising for GLOF that Palmira and TH Real Estate have carried out together. CREM-Consult, law firm Graf von Westphalen, and Reag advised and brokered the transaction. DSH GmbH based in Bad Homburg and law firm Bernzen Sonntag advised the seller.
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