Acacia Point Capital secures 10-year lease for 17,500 sqm logistics hub in Munich
Acacia Point Capital has negotiated a lease extension with an entity associated with logistics services for German department store chain, Galeria Kauhof. The lease relates to a 17,500 sqm unit that serves as their primary logistics hub in central Munich, with the term now extending for 10-years.
The unit is part of a 58,000 sqm mixed use retail and logistics property that occupies a plot of 4.4 hectares located 5km west of the city centre of Munich. Tenants including Bauhaus, Staples, Kaufhof, Prosegur and Kustermann.