Düsseldorf / Mülheim an der Ruhr, 27 June 2023 –The MAYESTATE Group has sold a modern warehouse and office property with development potential in Mülheim an der Ruhr. The complex, built in 1992 on a 18,560 m² plot of land, is being purchased as an urban logistics property with an area of around 9,943 m². It comprises a modern office building with a prestigious entrance area and about 130 parking spaces. The property is almost fully let and will be acquired in its current state.

In the medium term, the buyers – URBZ Capital and Ivanhoé Cambridge – plan to repurpose the hall building as a sustainable, last-mile warehouse and logistics property and will draw on existing potential offered by the site. In the future, the property will thus increasingly help retailers and their service providers deliver to the population in the final mile to their front doors.

The property is located in the north-west of the city of Mülheim an der Ruhr, in a commercial district about two kilometres from the old town. Just one kilometre away is the junction to the B223 federal road (Konrad Adenauer bridge), a key link between the A40 and A3 motorways. Mülheim an der Ruhr is located in the lively Rhine-Ruhr metropolitan region, which with a population of around 5 million is one of the largest consumer areas in Germany (and an established logistics hotspot).

Dr Till Veltmann (STREITBÖRGER Part-GmbB) from Hamm provided legal advice for the sellers and the Hamburg-based law firm Hogan Lovells International LLP advised the buyers. REALOGIS Immobilien Düsseldorf GmbH was responsible for the consulting and the sale of the property.

About the MAYESTATE® Group
The MAYESTATE® Group has specialised in upgrading existing properties for more than 20 years. As well as traditional holdings of residential and commercial properties, it also focuses on project development for suitable revitalisation properties in the Ruhr region.

About Ivanhoé Cambridge
Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generating long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing their environmental footprint. Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the company holds interests in more than 1,500 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held over CAD 77 billion in real estate assets as at 31 December 2022 and is a real estate subsidiary of Caisse de dépôt et placement du Québec (cdpq.com), a global investment group. More information can be found at www.ivanhoecambridge.com

e-mail: thomas.carlat@ivanhoecambridge.com

About URBZ Capital
URBZ Capital is a property boutique focusing on urban logistics and last-mile solutions in major cities in the Benelux countries, Germany and Sweden. The company aims to capitalise on long-term growth opportunities in the European industrial property sector, especially in the underserved, unclear last-mile/urban logistics segment. URBZ wants to create sustainable last-mile facilities that benefit society and help its customers make the final stage of their supply chains efficient and carbon-neutral. By partnering with Ivanhoé Cambridge, URBZ plans to purchase last-mile logistics properties to the tune of up to EUR 400 million in the Netherlands, Germany, Belgium and Sweden.

REALOGIS media contact:
Silke Westermann
Senior public relations specialist
Tel: +49/211/53 88 3-440
e-mail: s.westermann@shcommunication.de

REALOGIS company contact:
REALOGIS Holding GmbH
Silja Schuppler
Marketing
Rundfunkplatz 4, 80335 Munich
Tel: +49/89/51 55 69 17
e-mail: s.schuppler@realogis.de
www.realogis.de

REALOGIS. No. 1 for industrial and logistics properties

The REALOGIS Group is Germany’s leading player for the consulting and brokering of industrial, logistics and commercial properties. Founded in 2005 as a pioneer for the asset class of logistics and industry, the owner-operated group has enjoyed healthy growth, is crisis-resistant and knows the German market like no other. In 2022 Realogis generated nearly 1.25 million m² of usable space alone in the letting segment (preliminary result). The net commission revenue of all services in the financial year 2022 are EUR 22.74 million (preliminary result).

In 2021, REALOGIS also won the German Real Estate Prize in the “Commercial Player” category, which honours companies for their outstanding commitment, creativity, innovative strength and sustainability.

Realogis is represented in the country’s seven top logistics locations of Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Leipzig, Munich and Stuttgart, while a dedicated organisational unit ensures transparency in around 15 additional regional logistics markets. 70 real estate professionals advise national and international companies from the fields of logistics, e-commerce, retail and industry as well as private and institutional investors. Quick, flexible, regional, customer-oriented and with a high volume of transactions.

REALOGIS four core competencies are arranging highly creditworthy tenants for new and existing properties, assisting investors with property investments and project development of greenfields and brownfields, outstanding service for locating or selling sites, and the development and implementation of holistic property strategies.

In short, REALOGIS creates more room for its customers’ success in every sense. Further information: https://www.realogis.de/