IVG/Garbe: Fund acquires two logistics properties for €26mn
The IVG Garbe Logistik fund has acquired a logistics property in Gernsheim near Darmstadt, and another one in Dettelbach near Würzburg, for a total of €25.7mn. Greenfield Development sold the Gernsheim property. The 21,700 sqm new building is completely leased and is used for the distribution of large-volume drugstore merchandise. In Dettelbach, the fund acquired a 6,500 sqm logistics center in the Mainfrankenpark from Viernheim-based Adler Immobilien Investment. The center is reportedly leased to a logistics company servicing the automotive and life sciences sectors. The Spezialfonds with a target volume of up to €400mn now has six properties with a total value of around €125mn.
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