TRIUVA and Garbe buy three logistics properties

News 24/08/2016

The IVG Garbe Logistics Fund increases volume to about 300 million euros – the derivative product has already been presented to interested investors.

TRIUVA Kapitalverwaltungsgesellschaft mbH (TRIUVA) acquired the ALPINE portfolio with two properties in Nuremberg and Kornwestheim. Another purchase was made in Hamburg – together the transaction volume amounts to more than 90 million euros. As a co-operation partner, Garbe Industrial Real Estate GmbH is responsible for the transaction process and the asset management of the real estate. The three office and logistics properties from the Segment Core(+) have more than 70,000 m² of space that can be leased. More than 25,000 m² of this is office space and the remaining 45,000 m² is logistics space. The purchase was made for the IVG Garbe Logistics Fund, the volume of which is now around 300 million euros. The Seewarte Group was the seller of the ALPINE-Portfolio. Provinzial Rheinland sold the property in Hamburg.
“We have reached our target volume for the IVG Garbe Logistics Fund with these acquisitions. We have designed a derivative product with a focus on selected logistics properties in Western Europe because of the high demand. The new fund concept is currently being presented to interested investors”, explains Wenzel Hoberg, CEO of TRIUVA.

The property on Rudolf-Diesel-Straße in Baden-Württemberg’s Kornwestheim has more than 8,800 m² of office space and 14,500 m² of logistics space. The facility is located about 15 kilometres from the state capital, Stuttgart. The second property in the ALPINE portfolio is located at Rheinstraße 40 in Nuremberg. More than 7,500 m² of office space and 10,000 m² of logistics space is available here. The main tenant in both of the units is Panalpina, a Swiss transport and logistics service provider. Both are fully leased properties.
Eppendorf AG is the main tenant at Neuer Höltigbaum 20-40 in Hamburg. The company has its headquarters in Hamburg and manufactures products and services for laboratories throughout the world. The building is 90 per cent leased and provides 8,800 m² of office space and 21,000 m² of logistics space.
TRIUVA was advised by the law firm Hogan Lovells during the acquisition of the ALPINE portfolio. Baker & McKenzie represented the Seewarte Group in legal matters. Arcadis attended the transaction as a technical consultant. JLL brokers acted as mediators.
The law firm Latham Watkins assisted TRIUVA during the transaction in Hamburg. ES Enviro Sustain acted as a technical consultant. The brokerage house called H2 Advisors brokered the deal.

TRIUVA Kapitalverwaltungsgesellschaft mbH
TRIUVA Kapitalverwaltungsgesellschaft mbH (TRIUVA) is a leading provider and manager of structured real estate products for institutional investors with assets under management of around EUR 10 billion. As an integrated investment platform with a network of branch offices throughout Europe and long-standing expertise, the company offers its investors a full range of services within the structuring and management of real estate investment products. TRIUVA is primarily focused on commercial properties in the office, retail and logistics sectors in Europe.