Financial details were not disclosed.

The sellers are ABC Technologies companies from Canada, including Karl-Etzel.

The asset is an ensemble of buildings with a total rental area of 31,700 m2 and 75 parking spaces, on a plot size of around 60,000 m2.

'The hall layout is absolutely generic in terms of logistical use, although the areas are now used by a manufacturing industry. This exciting combination convinced us immediately.

Sonja Ebeling, managing partner, Values Industrial, a subsidiary of the Values Real Estate group of companies, said: 'The property is located in the middle of a traditional industrial cluster near the BAB 8 and is energy efficient. All important investment criteria such as location, property and tenant quality are fully met.'

The individual halls have different years of construction, having been built in accordance with the organic growth of the sole tenant, Karl Etzel.

The halls have both an industrial and a logistics use. They feature photovoltaic systems and are supplied with heat recovery by a combined heat and power plant. The rental agreement contains green lease clauses.

Karl Etzel has its roots in Mühlacker, supplies highly specialised plastic injection molded products for the automotive industry and many other branches of industry. The firm has made a long-term commitment to the Mühlacker location.

Values Real Estate received technical advice and ESG support from Drees & Sommer during the purchase. The legal due diligence on behalf of the buyer was carried out by Reius.

The purchase was brokered by Cushman & Wakefield.