Madison International Realty and StoneVest purchase light industrial property in Berlin – Konii

A joint venture between Zurich-based investment and asset manager StoneVest AG and a business unit of Madison International Realty, one of the world's leading liquidity providers for real estate investors, has acquired a light industrial property south of Berlin. The seller is KWC Aquarotter GmbH, a leading supplier of sanitary equipment for public establishments.

The property, which includes approximately 15,500 square meters of warehouse and office space, was acquired in a sale-leaseback transaction. As part of this agreement, KWC Aquarotter has signed a long-term lease for 15 years.

The transaction is the latest acquisition for the joint venture, which aims to acquire light industrial properties worth up to €150 million over the next three years. The joint venture focuses on the acquisition of new and existing properties through sale and leaseback transactions with a volume between €10 million and €50 million in Germany, Austria and Switzerland. Particular attention is given to properties benefiting from excellent transport links.

The acquired light industrial object is located on a plot of land of almost 24,000 square meters on Parkstrasse in Berlin-Ludwigsfelde, south of the capital. The building is part of the established Ludwigsfelde retail and business location, which is characterized by its direct location on the A10 motorway and its immediate proximity to the Ludwigsfelde regional train stop.

StoneVest is responsible for the asset management of the building, which was built between 1995 and 1997 and modernized in 2005. Particular attention is now paid to providing the tenant with optimal conditions for the implementation of its long-term business objectives. term in the wake of progress in digitalization and “Nearshoring”. Madison International Reality and StoneVest's projects also include improving the property's ESG performance.

Carey Flaherty, Chief Investment Officer of Madison International Realty, said, “The recent acquisition is further evidence of our company's ability to acquire high-quality light industrial properties through structured sale-leaseback transactions. By working closely with our users on asset management, we can unlock liquidity to support ongoing business operations while maximizing property values ​​for our investors.

Dr. Wulf Meinel, founding partner of StoneVest AG, comments on the successful purchase in Berlin: “We are delighted with this important milestone. Despite ongoing challenges in the German real estate market, transactions in the light industrial sector remain possible. Many owners are looking for partners for the further development of their buildings, also within the framework of so-called “sale & lease-back” transactions, which can both provide liquidity for business growth and optimize the structure. of capital.

Marten van der Mei, Managing Director of KWC-Aquarotter GmbH, says: “The decision to sell our site in Ludwigsfelde and lease it again on a long-term basis allows us to further develop our business in view of future market demands. StoneVest's expertise in corporate real estate management guarantees us optimal conditions for this. We are confident that this partnership will create long-term benefits for both parties.

The joint venture had already recently acquired two long-term leased commercial properties in Bavaria for the “German Light Industrial Partners” (GLIP) platform, launched in 2021 as part of a capital exchange transaction.

The most recent purchase was negotiated by Swiss Recap. Willkie Farr & Gallagher LLP provided legal advice to the buyer.

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