Krefeld, 28 May 2024 -Realogis - Germany's leading consultancy for industrial and logistics properties and commercial land - has exclusively advised Cologne-based project developer Aconlog on the sale of a new-build logistics property in Krefeld. In a structured sales process conducted by Realogis, the US investment manager HighBrook Investors acquired the new-build logistics property together with the asset manager and operations partner Valon, thereby expanding its urban logistics platform.

The conveniently located, modern and functionally developed building in Krefeld, Westpreussenstraße 4, has a direct connection to the LogPort in Duisburg. It fulfils today's technical and, in particular, energy requirements. The building, certified in accordance with DGNB guidelines, was completed a few weeks ago and has 11 ramp gates with a ceiling height of over 12 metres. With a total area of almost 10,000 m² and 53 car parking spaces, the building is home to one of Germany's largest industrial service providers. The lease has been concluded on a long-term basis. The property was originally developed in the 1970s with a press distribution centre and office building and used as a distribution centre for printed products. It was later decommissioned and redeveloped by Aconlog as part of its brownfield development strategy.

The sale price is in the lower double-digit million euro range.

Greenberg Traurig acted as legal advisor to the buyer in the transaction. TA Europe acted as technical advisor. Graf von Westfalen and KSP Tax advised the seller.

"Despite the complex market conditions at the time of marketing, such as inflation, high interest rates, ongoing unrest in Europe and the predominantly cautious to pessimistic market sounding of investors at expo 2023, we were able to identify a committed and financially strong partner and finalise the transaction," reports Bülent Alemdag, Managing Director of Realogis Immobilien Düsseldorf GmbH.

"The speculative development of the brownfield project in an interesting location, the long-term letting to a user with a strong credit rating and the now successful sale confirm our strategy," comments Oliver Blüher, Managing Director of Aconlog Projektentwicklung GmbH.

Press contact REALOGIS and ACONLOG:
SH/Communication - Agency for Public Relations
Silke Westermann
Tel: +49/211/53 88 3-440
E-Mail: s.westermann@shcommunication.de

REALOGIS. The No. 1 for industrial and logistics properties

The REALOGIS Group is Germany's leading address for consulting and brokerage services for industrial and logistics properties and commercial land. Founded in 2005, the owner-managed, healthily grown and crisis-proof group of companies knows the German market like no other. In 2022, REALOGIS achieved a turnover of 1.251 million m² of brokered usable space in the lettings segment alone. Net commission income from all services totalled around 19 million euros in the 2023 financial year.

REALOGIS won the 2021 German Real Estate Award in the "Commercial Player" category. The award recognises companies for their special commitment, creativity, innovative strength and sustainability.

The group of companies includes eight branches in Berlin, Düsseldorf, Germany South/North, Frankfurt am Main, Hamburg, Leipzig, Munich and Stuttgart.

 74 REALOGIS property professionals provide advice and support to national and international companies from the logistics, e-commerce, retail and industrial sectors as well as private and institutional investors. Fast, flexible, regional and customer-orientated.

 The four core competences include finding tenants with strong credit ratings for existing and new properties, supporting investors in property investments and in the project development of greenfield and brownfield sites, providing a perfect service for finding or selling properties and developing and implementing holistic property strategies. This covers the entire property cycle - from location analysis and optimisation of expansion targets to the sale of assets that are no longer required for operations.

In short: REALOGIS offers "More space for your success" in every respect.


ABOUT ACONLOG
Aconlog Projektentwicklung GmbH was founded in 2020 and focuses on the revitalisation of industrial and logistics properties and the development of brownfield sites. Based in Cologne, Aconlog has developed into a regionally active company for industrial and logistics properties within four years with five fully completed projects and three projects currently being realised. In 2020, Aconlog also founded a subsidiary, Aconlog Solar GmbH, which is exclusively responsible for the installation and operation of photovoltaic systems on property roofs.

aconlog.com