German fund manager Union Investment is buying Logistrial for 800 million euros ($872 million) after a failed stock market listing of the commercial property firm in autumn.
Logistrial’s portfolio of 13 existing logistics properties and six project developments will supplement Union Investment’s 25 such properties worth 1.2 billion euros. They will be put into retail funds UniImmo Europa und UniImmo Global.
Union is buying Logistrial from Garbe Industrial Real Estate.
Copyright © 2024 M&A Critique!. All pages of the Website are subject to our terms and conditions and privacy policy. You must not reproduce, duplicate, copy, sell, resell or exploit any material on the Website for any commercial purposes.We have made a sincere effort to ensure that all photographs used on this website are either freely available in the public domain or used with permission. If you believe your work is being used inappropriately, please let us know and we will address the matter immediately.
[ultimatemember form_id=140]
WhatsApp us