Allianz Actual Property, appearing on behalf of a number of Allianz Group corporations, has entered into a purchase order settlement associated to a portfolio of 5 Grade A logistics services in three European nations in a ahead transaction with German logistics chief DHL. Set to finish between Q1 2023 to Q1 2024, the portfolio represents one in every of Allianz Actual Property’s largest single logistics sector acquisitions, by way of gross leasable space, up to now: in complete the 5 services will cowl over 200,000 sqm.
DHL, accountable for the event and supply of the property, will occupy not less than 85% of the services on long-term leases publish completion. The services are situated within the Netherlands, Poland and Finland and canopy 4 core European logistics sub-markets, together with Eindhoven and Warsaw/Gorzow, with the services in Helsinki and Warsaw/Gorzow turning into Allianz Actual Property’s first ever logistics property in Finland and Poland.
The services being developed may have fashionable technical specs, replicate the DHL Campus idea and grow to be mission-critical hubs for DHL and its nationwide and worldwide clients.
Every constructing is designed to fulfill the very highest sustainability standards, together with BREEAM Glorious and EPC A scores, and be compliant with EU Taxonomy. They’ll bear a Carbon Danger Actual Property Monitor (CRREM) evaluation to make sure alignment with rigorous decarbonization and vitality effectivity pathways and Allianz Actual Property’s personal net-zero program.
Along with the 5 services underneath building, the connection with DHL contains the potential for Allianz Actual Property to amass extra services in Europe in future.
The logistics sector stays a central focus for Allianz Actual Property attributable to its sturdy market fundamentals, together with the e-commerce progress and provide chain re-configuration. The agency’s international logistics portfolio has grown to EUR 14.2 billion in property underneath administration, of which EUR 7.2 billion is in Europe.
Transactions in 2022 embrace the ahead buy of Multi Enterprise Hub Mittelrhein, a first-rate logistics heart in Polch, Germany; continued investments with long-term accomplice VGP; the acquisition of a three-asset, Grade A portfolio within the Nordics; and a seven-year refinancing facility to Intospace for six property within the Netherlands.
Kari Pitkin, Head of Enterprise Growth Europe, Allianz Actual Property, stated: “This high-profile transaction with a brand new prime accomplice in DHL additional underscores the worth Allianz Actual Property locations on high-quality logistics property in core markets in each established and fast-growing sub-markets. 2022 has confirmed to supply alternative within the sector and we count on to additional develop our European portfolio as we glance forward.”
Joe Mikes, World Head of Actual Property Options at DHL Provide Chain, stated: “We’re very proud to have the ability to provide our shoppers efficient progress alternatives, with warehouses that aren’t solely situated in core markets and fulfill our shoppers’ wants, but additionally meet the best ESG and sustainability standards. This permits us and our clients to create enterprise alternatives which might be suitable with our Sustainability Roadmap, which goals to make each side of the availability chain extra sustainable which in fact additionally contains our actual property. We’re very a lot trying ahead to many extra such initiatives sooner or later.”