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Ivanhoé Cambridge acquires first last-mile logistics facility with URBZ Capital in Munich, Germany
Ivanhoé Cambridge, a global real estate leader, announced today the acquisition of its first last-mile logistics facility in Munich, Germany, with his partner URBZ Capital, an investment and asset management boutique.
Located in Karlsfeld, in the immediate vicinity of Munich, this prime last-mile logistics asset comprises a total surface area of 12,570sqm, with approximately 4,500sqm of extension potential, located on a freehold site area of 23,800sqm. The property benefits from a strategic location nearby the city center of Munich, considered one of the most prime and sought-after (industrial) real estate markets in Germany and Europe. The site benefits from access to a major highway network and covers a significant and dense urban area with more than 6million inhabitants.