AGRAF German Real Estate Holding No. 1, a fund managed by Aquila Capital, has sold three freight terminals in Berlin, Leimen near Heidelberg, and St. Ingbert in Saarland to Savills Investment Management. A team led by Dr. Sönke Görgens and Dr. Michael Dröge, both Partners at Heuking Kühn Lüer Wojtek, advised Aquila Capital on the sale.
Savills Investment Management acquired the three freight terminals on behalf of European Logistics Fund 2 for a purchase price of some EUR 48.7 million. The three properties constructed in 2014 each feature 5,000 square meters of rental space and are leased out to Deutsche Post Immobilien with an average remaining term of about ten years.
Aquila Group is an owner-managed investment company that manages assets of EUR 8.2 billion. More than 300 employees work at 14 sites worldwide along the entire value chain of alternative investments with the aim of generating sustainable, stable, positive returns for investors.
Counsel to Aquila Capital
Heuking Kühn Lüer Wojtek:
Dr. Sönke Görgens (Real Estate)
Dr. Michael Dröge (Corporate and Real Estate, both Lead)
Falko Keller (Tax),
Dr. Ullrich Schlichtherle (both Contract Law), all Hamburg