BERLIN-International real estate firm Hines, says its Hines Global REIT, Inc. has acquired the Fiege Mega Centre, a class A, single-tenant logistics facility located near the central German city of Erfurt, between Berlin and Frankfurt.
The 952,539-square-foot property is 100% leased to Fiege Group until 2023. Developed in 1995, the facility was designed to expand Fiege's retail logistics operations and is one of their most modern e-commerce logistics centers.
“The Fiege Mega Centre is a high-quality asset that complements Hines Global REIT's existing portfolio. Germany's economy is one of the strongest in Europe, and we have increased the geographic diversity of Hines' Global REIT with this acquisition,” said Sherri Schugart, president and CEO of Hines Global REIT.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
