trending Market Intelligence /marketintelligence/en/news-insights/trending/m2sobdzmer-8f3cfremuya2 content esgSubNav
In This List

Gramercy Property unit acquires two German warehouses for €30M

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Gramercy Property unit acquires two German warehouses for €30M

Gramercy Property Trust subsidiary Gramercy Europe paid €30 million for two logistics warehouses in Germany on behalf of its Gramercy Property Europe III fund, IPE Real Assets reported.

In a sale-and-leaseback deal with a parcel and courier company, the real estate investment fund manager acquired a 16,911-square-meter, two-building warehouse in Offenau, Baden-Württemberg, that is occupied on a new five-year, triple-net lease.

It also bought a 20,538-square-meter warehouse in Solingen, North Rhine-Westphalia, that is fully let to Rhenus Freight Logistics and Zwilling Beauty Group, with five years remaining on the leases, according to the report.