EQS-News: DEMIRE sells LogPark in Leipzig for around EUR 121 million
DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) sells the LogPark logistics property in Leipzig to a German institutional investor for around EUR 121 million.
- DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) sells the LogPark logistics property in Leipzig to a German institutional investor for around EUR 121 million.
- LogPark has a lettable area of around 159,000 m² and, with Amazon and Momox, has two well-known main tenants with long-term leases.
- Since its acquisition in 2015, DEMIRE's asset management team has developed the former Quelle distribution centre into a multi-tenant property.
- Since the acquisition, DEMIRE has succeeded in diversifying its mix of users, reducing vacancies and establishing long-term strategic partnerships with tenants.