Acacia Point Capital facilitates €52m German logistics acquisition

Foto: Michael Mehle

Acacia Point Capital advised an Israeli closed-end Real Estate Fund on the acquisition of Volkswagen’s spare parts logistics facility in northern Hesse. The asset is located in Volkmarsen, near Kassel, one of Germany’s key automotive hubs.

The property was constructed in 2014 and comprises 90,000 sqm of logistics with 10 metre clearance, 20 loading docks, 72 vehicle parking spaces and a further 15,000 sqm of external hardstand storage. It is state-of-the art with ‘DNGB Silver’ sustainable building certification. The tenant is Rudolph Automotive Logistik, a long-standing logistics partner of the Volkswagen Group.

The 158,000 sqm plot is equipped with its own rail connection allowing the handling of up to 10 goods wagons per day, with direct connection to the rail network of Deutsche Bahn AG and to the nearby Volkswagen Genuine Parts Centre, which is the largest spare parts warehouse in Europe and forms the backbone of logistic supply of genuine parts of the Volkswagen Group brands around the world, including Audi, Porsche, SEAT and Rolls Royce.

The purchasing entity is backed by some of Israel’s leading investment institutions. Matthew Walker, Managing Director of Acacia Point Capital said “We are delighted to facilitate the Fund’s maiden investment, following its Initial Closing in March 2017. We are actively seeking additional long-let logistics, office and retail assets that deliver strong recurring income”.

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