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Logicor acquires logistics assets in Germany, Spain and Benelux 15 March 2016

Portfolio acquisition is a continuation of growth strategy

Logicor has agreed to acquire 12 logistics assets in Germany, Spain and the Benelux from Goodman European Partnership (GEP). The 496,000 m2 portfolio comprises six assets in Germany, three in Spain and three in the Benelux. Existing tenants across the portfolio include third party logistics service providers (3PLs), manufacturers and engineering firms.

The German distribution facilities total 362,000 m2 and are predominantly located in national logistics clusters including Cologne and Berlin. The Spanish assets total 82,000 m2 and are located in Madrid and Barcelona. The Benelux assets total 52,000 m2 and are strategically located in Harderwijk, Venray (Netherlands) and Turnhout (Belgium).

Logicor’s Germany platform now totals in excess of 2.0 million m2, Logicor’s Spain platform now totals in excess of 1.0 million m2, whilst Logicor’s Benelux platform totals in excess of 500,000 m2.