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By IPE staff2025-02-11T13:06:00+00:00
Madison International Realty and asset manager StoneVest’s DACH region industrial real estate venture has added a German asset to its portfolio
The joint venture has acquired a light industrial property in Weißenburg
The 39,000sqm site offers 15,000sqm of leasable space
primarily warehouse and production areas as well as office space
located at Dettenheimer Straße 34 in Weißenburg’s Industrial Zone South
a specialist in interior and exterior components for the automotive industry
Carey Flaherty, CIO of Madison International Realty
said: “This acquisition demonstrates our ability to identify and successfully acquire high-quality light industrial properties in a continuously challenging market environment
“Our focus is on collaborating closely with our tenants to create sustainable
long-term real estate solutions that we believe generate value for all stakeholders.”
said: “The Weißenburg property aligns perfectly with our strategy to acquire high-quality light industrial assets in well-connected locations
I am pleased that our joint venture with Madison International Realty has now secured its fourth property in Germany
and we look forward to continuing to grow our relationship
supporting our tenant KTX in Weißenburg sustainably and working closely together to create the best possible conditions for their development and production activities is a key priority for us.”
Zurich-based investment manager StoneVest and New York-headquartered Madison International Realty entered into a joint venture in March last year to acquire €150m worth of light industrial properties in the DACH region over the next three years
The joint venture will invest €10m-50m per transaction to acquire new and existing properties through sale-and-leaseback deals and acquisitions of leased corporate real estate as it targets properties in Germany
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