Deutsche Industrie REIT-AG buys real estate in Wildau
Deutsche Industrie REIT-AG has acquired a warehouse with 15,000 square meters of rental space in Wildau, Brandenburg for 12.5 million Euros. With the logistics property, Deutsche Industrie - following the purchase of a light Industrial property in Fehrbellin - has once again made a purchase in the booming region of Berlin/Brandenburg.
Specializing in the storage and distribution of frozen food, the property is located in an established commercial area next to the “A10 Center” shopping center, directly on the Schönefelder Kreuz junction along the A10 autobahn. The tenants of the almost fully-leased facilities are wholesalers and retailers in the food industry. On average, the leases run for almost four years and generate annual rental income of more than one million euros.
“We believe that this location on the outskirts of Berlin, with its steadily growing logistics market, offers considerable value-added potential. In addition, a prospective increase in rental growth is possible,” CEO Rolf Elgeti said, commenting on the transaction.
René Bergmann | Deutsche Industrie REIT-AG
Phone: +49 331 740 076 535 | Website: www.deutsche-industrie-reit.de