The BlackRock Eurozone Core Property Fund, which closed for the first time in May 2018, made its first two acquisitions in Germany.
One acquisition is a portfolio of two logistics warehouses in A locations in the metropolitan regions of Munich and Regensburg.
The 43,000 square meter properties were built in 2017 and 2014 and are fully occupied by a pharmaceutical logistics tenant with a strong credit rating for a remaining term of more than nine years. With this investment, the Euroland Core Property Fund has a commitment to modern, high-quality logistics facilities at two very strong logistics locations in Germany.
The BlackRock Eurozone Core Property Fund was advised on the transaction by Logivest, among others.
