Cushman & Wakefield (C&W) supported a real estate fund managed by Brookfield in the acquisition of an automated distribution centre in Germany as part of an off-market transaction. The seller was Kamco Invest Group.
The facility, located in Werl, near Dortmund, is leased on a long-term basis to ATU (Mobivia Groupe), a leading German retailer of automotive spare parts and service. The highly specialised facility extends over more than 87,000 square metres and is designed to allow Mobivia to deliver 200 million individual parts annually.
The site is strategically located in Germany's major logistics region which is also located within Europe's most important logistics corridor, stretching from northern Italy to the UK.