Savills IM acquires German logistics hub for pension fund

Savills Investment Management has expanded its portfolio for a German pension fund by acquiring a new logistics building in Bocholt, Germany. 

Logistics building in Bocholt

The prime logistics property, purchased from Aconlog Projektentwicklung, is fully leased long-term to WM Group.  It has around 26,500 m2 of rental space, and the building consists of three interconnected units, which can also be used separately.
It boasts high ESG standards, including energy-efficient features like heat pumps and LED lighting, with plans for a photovoltaic system. 
DGNB Gold certification is being targeted, and there are 28 EV charging stations and 34 bicycle parking spaces.
Located in the Duisburg/Lower Rhine region, a key logistics hub in North Rhine-Westphalia, it offers excellent access to major motorways and European ports. 
This acquisition brings the pension fund's portfolio to 14 properties across five European countries.
Patrick Griesbeck, senior investment manager at Savills IM, said: “We are delighted to have secured this Grade A logistics building in Bocholt off-market for our long-standing investor. Thanks to its high-quality specification, consistent consideration of ESG criteria, long-term lease to a tenant with a strong credit rating, and central location in one of the most sought-after logistics regions in western Germany, the property is an ideal addition to the portfolio and contributes to further diversification.”
Tim Ulrich, head of Transaction Management Germany, Austria & Switzerland at Savills IM, commented: “The acquisition of this modern and sustainable logistics property underscores our strategy of investing specifically in high-quality real estate in strategically important locations. We are searching for additional properties in Germany and Europe for various funds and mandates that offer positive economic and demographic development and high sustainability standards. In addition to logistics, the focus is on the living, office and food retail sectors.”
Oliver Blüher, managing partner at Aconlog, added: “With the sale of our brownfield development in Bocholt, we were able to successfully complete our tenth project since our founding in 2020 within 18 months from project start to closing. I would like to thank everyone involved for their focused and cooperative collaboration.”
Savills IM was advised by Luther, Arcadis and BNP Paribas Real Estate Consult, while Aconlog was advised by GvW Graf von Westphalen and KSP Tax.