Real IS, a Munich-based subsidiary of Bayern LB, has bought a logistics property in the central German region of Nordhessen for EUR 45 mln. Developed by ECE, the property is entirely leased to the Hermes Group and consists of 20,000 m[sup]2[/sup] of logistics space.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
