Nagel sells storage portfolio to Tristan and Barings

Nagel sells storage portfolio to Tristan and Barings

Published at: 2019-04-24 12:19 | Author: CIJEurope.com
Barings and CCP5 LL (a core-plus real estate fund by Tristan) have acquired a portfolio of cold storage facilities in Germany and Denmark from the Nagel-Group in a sale and leaseback transaction. The portfolio contains 34 warehouses covering a total of 260,000 sqm with 26 of them based in Germany and the other 8 being in Denmark. CCP5 LL acquired 27 of the assets, leaving the last 7 to Barings. Drooms, a cloud solutions provider in Europe, provided a virtual data room for the transaction where the buyer secured access to relevant information for valuation purposes. “Asset value is, to a great extent, dependent on the quality of the underlying documentation,” said Alexandre Grellier, CEO of Drooms. “Therefore, it is of the utmost importance that the parties involved have access to all the information pertaining to a particular asset.”

Similar Stories:

Poland’s warehouse, industrial stock hits 16.2 million sqm in Q1
Poland’s warehouse and industrial stock totaled 16.2 million sqm at the end of March, ac  »
Construction begins on Panattoni Park Wrocław XI
Panattoni Europe is developing a logistics park in Nowa Wieś Wrocławska, southwestern Po  »
Brökelmann building factory in Opole
Brökelmann broke ground on an aluminium and steel processing plant in Opole. The investme  »
CTP lays cornerstone of new industrial park in Kragujevac, Serbia
The industrial real estate company CTP Invest has laid the cornerstone of a new project in  »
CIJ: E-commerce continues to be the dominant topic in logistics, especially city logistics   »
That’s five times the number of containers that reach the EU in 2016. The point of the r   »
How do you explain the fact that new investments haven’t stopped, even though employers   »
Construction has begun on Cargo City at the Budapest airport, part of a larger €160m inv   »