Corporate News – 12 April 2018

Aves One acquires its first logistics property for around EUR 10 million

By acquiring a logistics property in the Alsdorf Business Park near Aachen, Aves One AG has completed its announced entry into holding a portfolio of logistics properties. The property, which was completed in 2017, involves a highly modern contract logistics building with a total rentable area of about 12,000 m2. The long-term tenant of the entire property is a company that provides assembly and logistics services in the electrical engineering area at this location. The assets volume of the transaction is around EUR 10 million. The vendor of the property company is a company in the Panattoni Europe Group, one of the leading global developers of industrial and logistics properties. Panattoni Europe will also take over property management for the real estate in future.

Alsdorf Business Park, situated approx. 20 km northeast of Aachen city centre, has outstandingly good traffic links. A large number of industrial sites in the Rhine and Ruhr region and in neighbouring foreign countries, with a population of approx. 28 million, are located within a 200 km radius.

In addition to the Rail and Container business divisions, the portfolio build-up of logistics properties will be a major investment focus for Aves One AG in the future. Further logistics properties with an asset volume of around EUR 100 million are currently at the purchasing due diligence stage. Aves One AG is advised by cooperation partner Logivest GmbH in the present transaction and those currently being examined.