Transco banking on own real estate
The Transco Group has amended its real estate strategy and will now buy logistics properties instead of renting them. In connection with the strategy change, the group established the real estate enterprise, Transco Immobilien.
The new entity, led by managing director Tania Mel Alvarez, is tasked with managing and expanding the real estate assets of the German logistics group. Transco Immobilien has already undertaken its first step by acquiring four properties, with an overall floor space of 25,000 sqm, in the Gottmadingen industrial park on the Swiss border. Plans are in place to buy more property in the mid-term.
Mel Alvarez stated: "Transco Immobilien will primarily rent out logistics properties to the transport and logistics companies within the Transco Group, but will also offer commercial space on the open market." (mw)