Munich, November 10, 2021: Catella Real Estate AG (CREAG), Munich, is acquiring the approximately 8,600 m² logistics property "Am Kreisel 4+7" in the Seefeld industrial park in Wörnitz for the "Catella Logistik Deutschland Plus" fund. The property will be leased to the company Baumann Paletten GmbH for a fixed period of 10 years. The sale-and-lease-back rental agreement is agreed as a green lease.
The property is located on the approximately 22,900 m² Am Kreisel 4 + 7 site in the Seefeld industrial estate in Wörnitz. The commercial area is fully developed and characterized by logistics properties, commercial and industrial buildings of various small and medium-sized commercial and retail businesses as well as a car yard.
The property consists of two buildings, which were constructed in 2003 and 2009, and comprises approx. 7,900 m² of warehouse and production space as well as approx. 690 m² of office space. Both buildings are equipped with photovoltaic modules on the respective roofs and on the south sides of the facades. One building is extensively equipped with a cold storage including a deep-freeze area, a truck and a pallet washing system and a wastewater treatment plant.
Its location on the edge of the Nuremberg logistics region makes the municipality of Wörnitz an interesting and sought-after logistics location in Germany. Wörnitz is located directly at the intersection of the A6 east-west route, which connects France and Poland, and the A7 north-south route, which provides direct access to Denmark and Austria. The Nuremberg logistics region is home to Nuremberg International Airport and the largest trimodal logistics center in southern Germany. The opening of the Eastern European markets gave the Nuremberg metropolitan region, which with its 1.9 million employees per 3.6 million inhabitants is one of the economically strongest regions in Germany, additional impetus to position itself as a transshipment center for logistics traffic. Based on these key data, rents and prices for commercial space and building land have risen continuously in recent years.
Wolfgang Holzberger, Head of Logistics Management: "Our new addition in Wörnitz has been kept in top condition by the former owner and current tenant. We are now looking forward to using our management expertise to successively implement further sustainability projects with and for the tenant. André Göpfert, Portfolio Manager, is pleased with the successful purchase in Southern Germany: "After the purchases in North Rhine-Westphalia, the acquisition in Wörnitz allows us to further diversify the portfolio of "Catella Logistik Deutschland Plus" geographically and we are now invested in two locations in Southern Germany in addition to Gottenheim.
Catella Real Estate AG was legally advised on the purchase by Stock + Partner, fiscally by wts and technically by TheGreenBlue GmbH. The seller and future tenant was supported by HFK Rechtsanwälte.
About the "Catella Logistik Deutschland Plus" fund
The "Catella Logistik Deutschland Plus" invests in sustainable warehouse and logistics properties in Germany and neighboring countries. The investment focus is on properties in good to very good locations in established logistics regions close to transport hubs and conurbations as well as production centers. All locations have solid fundamentals and growth potential, both now and in the future, combined with a stable cash flow when properties are acquired.
The investment strategy focuses on existing properties as well as on newly built properties and special logistics halls (e.g. parcel distribution centers, delivery bases, fulfillment centers, cross docks, light industrial or industrial properties, refrigerated logistics, etc.). A high degree of third-party usability and property flexibility as well as multimodal properties/locations (e.g. rail sidings) are strongly preferred.
The investment horizon of the broadly diversified portfolio, which is expected to consist of 18 to 20 properties, is 10 to 12 years. The fund, which is aimed at professional and semi-professional investors, has a target volume of around EUR 350 million. Distribution and total returns are expected to be between 4.5% and 5% p.a.*. The funding ratio is a maximum of 50%, with a target ratio of 45%. The minimum investment amount is 5 million euros.
* according to BVI method: The achievement of this return cannot be guaranteed.
Catella Real Estate AG
Birgit Wehrmann / Julia Stübler
Public Relations and Marketing
+49 89 189 16 65 0
Further information can also be found on the website at www.catella.com/immobilienfonds