Frasers Logistics and Commercial Trust expands its portfolio in Germany

20 March 2024

We are pleased to announce that FLCT has acquired 89.9% stakes in a logistics portfolio of four properties for €129.5 million in Germany. 

 

The properties have a combined GLA of  72,422sqm. They are fully occupied by multinational customers like Schenker AG, DACHSER GmbH & Co . KG and Hermes Germany  GmbH. The other customers, Posagenda GmbH and TB International GmbH , are in the logistics, distribution, and consumer and retail product sectors.

 

Three of the assets are strategically located within the “Blue Banana” region which denotes the European regions with dense urban population of over 110 million and represents the corridors of Europe, passing through its two largest ports (in Belgium and the Netherlands), across the Rhine region in Germany to northern Italy. The freight and logistics market in Germany is one of the largest in Europe. 

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