Global Gate acquires prime Munich logistics asset from Aventos

International investor Global Gate has acquired a prime logistics facility in Maisach, near Munich, from German real estate developer and investor Aventos.

Maisach

The 13,000 m2 property, which includes both a refurbished existing building and a new extension, offers approximately 7,500 m2 of lettable space. It is fully leased to Garmin, a leading US-based technology company with a strong market presence in tech sportswear, serving as their main distribution centre for the DACH region.
Strategically located in one of Germany's top logistics markets, the facility boasts strong ESG credentials, featuring 11 docks, a photovoltaic system, LED lighting, and EV charging stations. It also holds a BREEAM Excellent certification, highlighting its superior sustainability and energy efficiency. 
The property, which consists of a comprehensively refurbished existing building and a new extension, is fully let to US-based multinational technology company Garmin. Serving as Garmin’s main distribution centre for the DACH region, the asset occupies a strategic location within one of Germany’s strongest logistics markets.
Maximilian Link, head of Germany and Director of EMP at Global Gate commented: “The acquisition of our third asset in Munich marks another important milestone for our GLIP programme. Following the successful closings in Salzgitter and Groß-Gerau earlier this year, this transaction further underscores our conviction strategy of building a high-quality portfolio of logistics assets in Germany’s key markets. The asset’s excellent sustainability credentials and long-term lease to a global blue-chip tenant like Garmin make it a strong addition to our portfolio. We continue to see suitable opportunities in the logistics sector and remain committed to expanding our presence across Germany.”
Joram Szerkowski, head of European Real Estate at Global Gate, added: “The acquisition of the Munich asset further strengthens Germany’s position as a cornerstone of our European investment strategy and reflects the continued growth of Global Gate’s long-standing logistics activities in the country. It underscores our conviction in the positive long-term outlook of the German logistics market, particularly in core regions such as Munich. Based on the team’s deep local network and expertise as well as our proven track record, the GLIP programme benefits from the current attractive entry point into high-quality, well-let ESG-certified assets that deliver strong, risk-adjusted returns to our investors.”
Friedrich Graf von Westphalen & Partner, albrings + müller, Altavis, and Oceans & Company advised Global Gate. The acquisition loan was provided by IKB. Greenberg Traurig and CBRE advised Aventos.
This marks Global Gate's third investment this year for its German Logistics Income Programme (GLIP), following earlier acquisitions in Salzgitter and Groß-Gerau. GLIP employs a Core+ strategy, aiming to build a high-quality, income-producing portfolio of ESG-compliant logistics properties in strategic German locations, leased to financially robust tenants in resilient sectors.