Commerz Grundbesitz Group Signs Contract

Commerz Grundbesitz-Spezialfondsgesellschaft (CGS), a subsidiary of Commerz Grundbesitz Group, signed the sales contract for a portfolio of three logistics properties in North Rhine Westphalia, which is earmarked for the company’s EURO LOGISTIK 1 special property fund for institutional investors.
The portfolio includes one high-end property each in established logistics locations in Bedburg, Greven and Solingen. The buildings were completed in 2002, 2006, and 1996, respectively. The total investment volume approximates Euro 50 million.
The logistics properties, with a total floor space of about 63,500 m², are fully let to prestigious companies for remaining lease terms of more than 10 years on average.


Each of these properties was held and sold by a property company owned to 100% by Movesta Lease and Finance GmbH, a joint venture of IKB Deutsche Industriebank and KfW IPEX Bank. CGS acquired the three properties as direct investments.
They are located in industrial parks with great connectivity because of traffic hubs nearby.
The Bedburg property deserves particular mention because it is located on the grounds of a former strip mine that was converted into an industrial park now highly in demand.
The Solingen property represents the European distribution centre of a well known company and shares the location with the company’s German headquarters.
The Greven property is situated at a well-established logistics location, in close proximity to prominent logistics companies.