BNP REIM buys logistics center in Halle

31/05/2019

BNP Paribas REIM has acquired a logistics center at Star Park in Halle (Saale) for its “Eurozone Logistics Fund” (ELF). The property was completed in April, has around 69,300 sqm and according to the buyer is being let to an e-commerce company in the furniture sector. The seller, Goodman, declined to provide any further details. BNP Paribas REIM also offered no further information before the publication deadline. However, it is clear that the transaction involves the new logistics center of the retailer Home24. According to a press release, the ELF has committed around €200mn since the beginning of May and a total investment volume of €300mn. The fund recently acquired logistics centers near Stuttgart and in Baden-Baden.


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