Ofi Invest Real Estate buys core logistics asset near Munich from Savills IM

Core logistics property located in Gerlinden’s industrial park in Maisach, near Munich

Ofi Invest Real Estate has acquired, on behalf of one of its clients, a core logistics property located in Gerlinden’s industrial park in Maisach, near Munich.

The asset was sold by Savills Investment Management on behalf of its diversified pan-European flagship fund. The sale price was not disclosed.

The asset, completed in 2012, offers modern Grade A specifications over c.21,700 m2 of lettable space and is awarded with a DGNB level Gold certificate. It is fully let to its historical tenant, and benefits from an excellent accessibility via public transportation (S-Bahn and bus stops).

Ofi Invest Real Estate is the real estate arm of Ofi Invest group, created by the merger of Aema Reim, Ofi Pierre and Abeille Reim, and manages more than €12.8 Bn. Ofi Invest is the fifth largest French asset management group, with €182 Bn in assets under management.