Hogan Lovells with M&G Real Estate on the acquisition of a logistics centre
Once again led by Frankfurt partner Markus Franken, Hogan Lovells has advised global real estate investment manager M&G Real Estate on the acquisition of a logistics centre in Groß-Gerau, near Frankfurt Airport, for EUR 73.2 million.
The 32,690 square meter commercial property comprises three logistics halls and 185 parking spaces. The acquisition was made on behalf of the M&G European Property Fund, one of the largest open-ended European property funds outside the UK. The investment supports the fund’s strategic focus on expanding its portfolio in the logistics and residential sectors.
“We are pleased to have once again advised M&G Real Estate on the successful acquisition of a logistics asset. Its strategic location in the Rhine-Main region and the long-term leases with well-known tenants make this a smart move to capitalise on growing demand in the logistics sector and to secure sustainable returns,” says Markus Franken.
Hogan Lovells regularly advises M&G Real Estate on real estate transactions and provided comprehensive legal support on all aspects of this acquisition through an experienced team.
Hogan Lovells team for M&G Real Estate:
Markus Franken (Partner/Notary), Annika Lind, Judith Altenburg (Senior Associates) (all Real Estate, Frankfurt), and Alexander Koch (Partner, Corporate Finance, Luxembourg).