Elite says the logistics park’s remaining lettable areas are tenanted to a “good mix” of engineering businesses. It says it will work closely with the largest tenant to “further enhance the property’s ESG specifications over the upcoming years”. “Post-enhancement, the property is expected to attain DGNB Gold Certification.”
Singapore-based alternative investment manager Elite Partners Capital has acquired a “large-scale multi-user logistics park” measuring 180,000 sq m near Stuttgart, Germany through its flagship Elite Logistics Fund II.
According to a June 27 announcement, over 85% of the property’s net lettable area is currently tenanted to an “automotive giant” on a long lease. The unnamed company is using the space as its global logistics centre, says Elite.
