- Transaction follows Apeiron’s past acquisitions of logistics in Germany, taking total German logistics assets under management to 600,000 sqm
- Portfolio’s focus is e-commerce with additional established industrial tenants
LONDON – Apeiron Capital Limited (“Apeiron”), the European asset and investment management specialist, in partnership with Midas International Asset Management, has today announced the acquisition of the 150,000 sqm “Maple” logistics portfolio in Germany for approx. EUR 200 million. The investment was ultimately funded by South Korean institutional investors. The portfolio was acquired from the Healthcare of Ontario Pension Plan (“HOOPP”), one of Canada’s largest pension funds, advised by Jones Lang LaSalle (“JLL”).
The transaction continues Apeiron’s stated strategy of acquiring high-quality assets in key logistics locations across Europe. This follows its acquisition of a portfolio of German logistics assets made in May 2019 in a joint venture with GreenOak Real Estate and Hana Financial. The acquisition of the Maple portfolio takes Apeiron’s total German logistics asset acquisitions to almost 600,000 sqm.
The 150,000 sqm logistics portfolio comprises three assets in important German logistics locations, including a 100,000 sqm fulfilment centre let to a well-known e-commerce specialist. Each of the assets in the portfolio are well-positioned close to key domestic and international roads with excellent access to transport infrastructure. The weighted average lease term for the assets is close to 14 years.
Vojkan Brankovic, CEO and Founder, Apeiron commented: “The Maple portfolio is a unique collection of high-quality assets let to some of the world’s leading companies. Each of the buildings is well-located in established logistics hubs and have a high technical specification. The acquisition builds on a number of recent deals for Aperion which has seen our portfolio expand significantly in Germany and is in line with our stated strategy of acquiring excellent logistics assets across key transport routes.”
Clifford Chance, KPMG, CBRE and Drees & Sommer advised the purchaser.
Notes to Editors:
Apeiron is an independent real estate investment and asset management firm dedicated to real estate opportunities in Europe with a particular focus on the UK and German real estate market, with offices in London, Munich and Luxembourg. Its property investments are made through independent platforms owned by Apeiron and its capital partners, consisting of leading pension funds, sovereign wealth funds and financial institutions.
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