Garbe, Bremer and Quakernack divest logistics asset in Germany

Garbe Industrial, Bremer Projektentwicklung, and the Quakernack Group have divested a large logistics centre in Bitterfeld-Wolfen, Germany.

Bitterfeld

The buyer is a Clarion Partners Europe investment fund, and the deal value remains confidential.
The property, with 125,000 m² of leasable space, is currently occupied by automotive industry tenants and is located in the Technologiepark Mitteldeutschland.
The facility, built in three phases on a 222,000 m² plot, benefits from its prime location near the A9 motorway, providing easy access to major cities like Leipzig, Nuremberg, Munich, and Berlin.
It prioritizes sustainability with features such as air-source heat pumps and a 4.5-MW photovoltaic system, and is targeting a DGNB Platinum certification for its eco-friendly design.
Peter Bartholomäus, CIO at Garbe Industrial, commented: “By developing this property, we created a high-end, ESG-compliant asset in a strategically well-connected location. The successful sale demonstrates that demand for forward-looking logistics facilities in established locations has bounced back and that such properties remain an attractive investment.”
Thorben Schaefer, managing director at Clarion Partners Europe, said: “This was a rare opportunity to acquire a best-in-class, newly delivered logistics facility, in a dynamic and fast-growing region of Germany at a defensive basis. With market dislocation continuing to provide compelling investment opportunities, we are well placed to further scale our portfolio of high-quality, mission critical logistics assets."
Rory Buck, managing director, Clarion Partners Europe, added: "We have continued conviction in the long-term fundamentals of the German logistics market, and are excited to add two blue-chip tenants to our pan-European occupier roster."
Norton Rose Fulbright, HLB Stückmann, and Logivest Stuttgart advised the vendor, while Clarion Partners Europe was advised by Goodwin Procter and CBRE.