Garbe Industrial Real Estate GmbH has acquired a portfolio of 16 cold chain logistics stores in Germany for a private investor from the Doblinger Group.
The premises, previously long-term rental properties, are worth over €240 million euros and form a network of strategic importance for Germany’s frozen food logistics industry.
“By purchasing the cold chain logistics halls, we are investing in the future of the fresh food logistics market, which is gaining strategic importance owing to the increasing trend towards online food retail”, says Christopher Garbe, managing director of Garbe Industrial Real Estate. “This transaction reaffirms Garbe’s good access to the market allowing it to source and procure profitable investment opportunities for its customers, even in competitive markets. We thank all those involved for their professional collaboration.”
Based in Hamburg, Garbe Industrial Real Estate GmbH is one of Germany’s leading providers of logistics and industrial real estate. With this transaction, it now owns property worth €2 billion and more than 2.6 million square metres of leasable area.