21st April 2020
Valor Real Estate Partners expands its German Logistics portfolio with acquisitions in Berlin and Frankfurt

Valor Real Estate Partners (“Valor”), a pan-European logistics specialist, has acquired a c. 8,900 sqm logistics facility in Berlin-Spandau let to HSG Hermes Service Gesellschaft. The Spandau market is one of the key supply chain markets for Western Berlin, benefiting from its strong connectivity to Central Berlin which can be reached in c. 20 min drive time. The Asset has been part of the open-ended real estate special-AIF “BEOS Corporate Real Estate Germany I” (CREFG I) since 2010, which is managed by Service KVG INTREAL. The sale process was represented by Colliers International on behalf of the seller.

The second acquisition is located in Frankfurt´s district Offenbach in Carl-Legien-Str. 22 and was acquired in an off-market transaction from a private owner, represented by BNP Paribas Real Estate. The c. 8,000 sqm logistics facility was vacated by the prior owner and subsequently let by Valor to a food logistics group shortly before closing the transaction. The tenant will utilise the facility as their urban distribution centre for the Greater Frankfurt market.

Both purchases were financed by BayernLB. Valor was advised by CMS Hasche Sigle.

Camila Malzkorn, Vice President at Valor Real Estate Partners, commented:

“We are pleased to secure two high-quality city logistics properties in strategically important infill markets for our investors in the competitive German market. Both properties in Berlin and Frankfurt benefit from their central location and direct access to both the urban and wider metropolitan area.”

"The emerging e-commerce sector and urbanization are increasing demand in supply constrained submarkets close to city centres. We continue to see strong rental growth in these markets due to an imbalance between supply and demand.”

Valor has acquired logistics properties worth € 750 million GAV in 36 transactions in the United Kingdom, France and Germany since the fourth quarter of 2016.