GREYKITE European Real Estate Fund I (the “Fund”), in partnership with troveinvest GmbH (“troveinvest”), has signed the acquisitions of two multi-let industrial properties, located in Delmenhorst and Essen, Germany. The assets have been acquired on an off-market basis into Lagerhome, GREYKITE’s European multi-let industrial (MLI) platform, which has scaled in the past 12 months to over €300 million of gross asset value (GAV) through the aggregation of 35 properties in Germany, Sweden and the UK.
Consistent with wider Lagerhome strategy, the newly acquired assets are located in established infill industrial sub-markets and offer both leasing and capex value-add opportunities during the hold period. Totalling more than 50,000 square metres of leasable area, the properties are approximately 90% occupied by 14 tenants, spanning the broader logistics and light industrial sectors. These transactions follow Lagerhome’s initial German acquisitions, in June 2025, of two MLI properties in Frankfurt and Dusseldorf.
Across the current portfolio, Lagerhome has delivered positive leasing progress, underpinned by active asset management and resilient demand from a well-diversified tenant base spanning multiple sectors. Recent activity has included a combination of new lettings and rent reviews, supporting income growth and capturing rental reversion across the portfolio. The platform continues to identify opportunities to enhance performance through targeted leasing initiatives and active management, with further upside expected as it scales.
Source: press release received on 11 May 2026