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Allianz Real Estate acquires prime facility in key German logistics corridor

Allianz Real Estate, acting on behalf of several Allianz Group companies, has completed the forward purchase of MultiBusinessHub Mittelrhein, a prime logistics center in Polch, Germany. The asset has been sold by Lang & Cie. Industrial AG, a German developer of high-quality logistics facilities.

Located in between the metropolitan areas of Cologne and Bonn to the north and the Rhein and Main areas to the south, the state-of-the-art facility is comprised of six warehouses, each with a net lettable area of 10,000 square metres. With completion expected in 2024, the asset is fully pre-let with long-term contracts to V+B Fliesen GmbH and Elsen Logistik GmbH, an established logistics provider.

The facility, which will use photovoltaic panels on the roofs to achieve its target of a DGNB Gold certification and, on completion, will comply with both CRREM Pathway and EU Taxonomy requirements, aligning the asset to Allianz Real Estate’s commitment to reduce carbon emissions across its portfolio by 25% by 2025 and become net-zero by 2050.

Source: Allianz-realestate.com on the 28th of September 2022
https://www.allianz-realestate.com/en/newsroom/press-releases/22-09-28-allianz-real-estate-acquires-prime-facility-in-key-german-logistics-corridor