Global Gate has acquired a prime logistics center in Groß-Gerau, Germany, for approximately €22 million, enhancing its logistics portfolio within key European markets.

Target Information

Global Gate has successfully acquired a modern prime warehouse facility located in Groß-Gerau, Germany, for approximately €22 million. This significant asset, spanning around 31,500 square meters, includes a lettable warehouse area of roughly 20,500 square meters, 22 loading docks, and over 75 parking spaces. The property serves as the main distribution hub for Europe's second-largest furniture retailer, which has been utilizing the facility since 2015.

The acquisition from Dietz AG, a reputable German developer and comprehensive commercial real estate investor, highlights Global Gate's commitment to expanding its logistics portfolio in Europe. The facility's strategic location on the outskirts of Frankfurt enhances its operational importance in the logistics and distribution landscape.

Industry Overview in Germany

The logistics industry in Germany plays a critical role in the country's economy, significantly influenced by its robust manufacturing sector and strong export capabilities. As one of Europe's leading logistics markets, Germany benefits from its