Berlin (June 6, 2022) — BentallGreenOak announced that it has acquired a logistics project comprising approximately 45,500 sqm in a forward deal from a local developer in Fürstenwalde, approx. 30 km outside the city limits of Berlin.
The property with a plot size of approx. 90,000 sqm is located close to the A12 motorway in Fürstenwalde, in the commercial area south of the Spree and is leased to a service provider of Goodyear Dunlop Germany. The distance to the Tesla plant in Gruenheide is approx. 20km.
The property has state-of-the-art features with a clear height of 12 metres, 30 ramps and 730 sqm of office space. Completion is scheduled for Q2 2023.
BentallGreenOak was advised legally by BCLP in Berlin and technically by Mull und Partner. Oceans & Company supported BentallGreenOak as transaction and financing advisor.
BentallGreenOak is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $78 billion USD of assets under management (as of March 31, 2022) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BentallGreenOak has offices in 28 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets.
In Europe, BentallGreenOak is a leading investment manager with over 50 professionals and $10.5 billion USD in AUM across debt and equity, with strategies spanning from Core to Value-Add and Development, with its own internalised operating capability. Since 2014, the firm has acquired, developed or is currently developing over 200 European logistics assets comprising over 66 million square feet (6.1m sq.m.)
BentallGreenOak is a part of SLC Management, which is the alternatives asset management business of Sun Life.
The assets under management shown above includes real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bentallgreenoak.com