A German logistics real estate investment partnership between Feldberg Capital and US public pension fund Teacher Retirement System of Texas (TRS) has completed its first acquisition.
Feldberg said the joint venture’s first acquisition comprises a 55,000sqm site on Industriestrasse 60 in Wedel, west of Hamburg, which will be developed into a logistics asset offering approximately 35,000sqm of total lettable area across six separate units.
Completion is scheduled for mid-2027, with logistics real estate specialist Thirteen Seven appointed as the project developer.