Global real estate player Prologis, Inc. has sold a portfolio of assets in Germany.
The 157,645 sqm portfolio comprises five stabilised assets in Bad Hersfeld, Borken (pictured), Bremerhaven, Hassfurt and Neunkirchen.
“The sale of these assets enables us to further optimize our position within the German market,” says James Quill, director, transactions, Prologis Europe. “In line with our business strategy, this transaction underscores our commitment to streamlining our portfolio and creating superior value for our customers and investors.”
JLL acted as a broker for the seller.