Rothschild logistics fund invests in Germany for the first time
The Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF) has acquired an industrial property in Worms - its first property in Germany.
A property with 9,500 sqm of warehouse and production space on an 18,700 sqm site in Worms was purchased. The Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF) acquired the property via a sale-and-leaseback transaction; the former owner is now a single tenant.
According to Edmond de Rothschild REIM, further acquisitions of logistics properties in Germany are planned for the next six months. So far, EIREF has invested mainly in the Netherlands.
The open-end fund has a core-plus risk profile, the aim is to achieve stable distributions and strong diversification. The investment volume is expected to reach at least 250 million euros, currently at 110 million euros. (ah)
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