Commerz Real acquires logistics property for EUR 11m

Commerz Real has acquired the WEG Logistics Centre in Kerpen, Germany, for one of its specialised funds. The total investment volume for the property, which extends over a gross lettable area of about 14,500 m2, comes to about EUR 11.3 mln. The property was sold by M.H. Zweite Grundinvest Gesellschaft, a property company belonging to Alcaro Invest, which is a logistics project developer based in Rösrath. BNP Paribas Real Estate facilitated the transaction.

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