Montea, a developer and investor in logistics real estate, acquires a logistics park with a total lettable area of 63,500 m² in Hamburg. The acquisition marks a further expansion of Montea’s foothold in Germany, an increasingly important market for the company.
Montea has acquired a vast logistics park in the Port of Hamburg from a fund managed by Tristan Capital partners. The total site measures 89,000 m² and is leased from the Hamburg Port Authority. It comprises five buildings built in 1993, 2018 and 2019.
"With this investment, we are able to significantly strengthen our presence in Germany and continue our focus on port and airport locations. 53% of our current portfolio is multimodal. Our aim is to continue to grow in Germany - both through acquisitions and project developments", says Patrick Abel, Country Director Germany at Montea.
