Kajima Properties Europe (KPE) has formed a €200 million joint venture with an unnamed US investor to own and manage a 130,000-square-metre logistics facility in Germany. KPE said it will retain an ownership stake in the International Consolidation Centre (ICC) in Bischweier, and act as long-term asset manager. Constructed in 2025 on a 200,000-square-metre brownfield plot, ICC is the main hub for the Mercedes-Benz supplier network in Western Europe. The Bischweier asset forms part of KPE’s European logistics strategy, which has delivered over 30 assets totalling more than 1.5m sqm of space since 2016, including recent projects in Hamburg and Magdeburg, the firm said.
Source: IPE Real Assets on 23 March 2025
https://realassets.ipe.com/news/kajima-forms-200m-venture-with-us-investor-for-mercedes-benz-hub-in-germany/10135892.article