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May 16, 2022 at 9:00 PM
Ivanhoé Cambridge, a global real estate investor, has acquired a large logistics and distribution center from ADF Asset Management Co., Ltd., an asset management company based in South Korea. The property has been part of an ADF fund since 2015, whose investors are major Korean institutional investors.
(Frankfurt am Main/Hamburg) The H&M Group, the single tenant since its occupancy in 2008, utilizes the 114,500 square meter property, ideally located on a plot of approximately 150,000 square meters. Various European markets of the retail network are supplied from the H&M Group distribution center Hamburg-Allermöhe, Rungedamm 38.
An interdisciplinary and international team of investment experts from Avison Young from Germany, the UK, and Korea has exclusively advised Ivanhoé Cambridge on this transaction.
Germany as a key market in Europe
Christian Daumann, Head of Investments Germany, Ivanhoé Cambridge: “With the acquisition of this logistics property in Hamburg, we are further expanding our presence in Germany, one of the key markets for our growth in Europe. We are pleased to have collaborated with the experienced team from Avison Young on this transaction.”
Mehdi Patrick Riahy, Managing Director & Head of Capital Markets Germany, Avison Young Germany: “The German, as well as the Hamburg logistics investment market, are highly attractive worldwide for both domestic and international investors. We are very pleased to have exclusively supported a landmark transaction like this for our client Ivanhoé Cambridge and achieved an excellent outcome for both parties.”
Penny Hacking, Lead European Capital Markets, Avison Young UK: “Our cross-border investment expertise combined with solid regional market knowledge has enabled us to advise our client on its first direct logistics acquisition in the German market, which remains highly competitive as more and more investors focus on this asset class.”
CG Kang, Team Leader, Global Alternative Investment Advisory Division, Capital Markets Group, Avison Young Korea: “We worked very well as a team. Knowing the exact requirements of both the seller and the buyer helped us manage and successfully complete the transaction.”
Photo: © Loginfo24
