Oftringen: UBS fund Sima buys first logistics property
The property is a logistics center that was built in 2008 by the then owner for the logistics company Fiege.
As of December 1, 2023, the portfolio of the Sima real estate fund has grown to include a logistics property in Oftringen (AG). The property consists of four connected halls and an office wing and has its own rail connection on the site. The location is not far from the A1 and A2 highway hub.
As part of the transaction, an addendum to the rental agreement with a fixed term until 2034 was concluded with the Swiss subsidiary of the German logistics company Fiege. "The acquisition of this first logistics property is an ideal addition to UBS Sima's existing portfolio," writes UBS in a press release.
The seller was the German investment manager Union Investment. According to CBRE, it brokered the deal. (aw)
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