Catella Real Estate AG acquires production property in Langenau near Ulm for the special fund "Catella Logistik Deutschland Plus"

Munich, 01.08.2023: Catella Real Estate AG (CREAG), Munich, is acquiring a recently completed, approx. 18,490 m² production property at Carl-Zeiss-Straße 22 in the Langenau industrial estate around 20 km north-east of Ulm for the special AIF "Catella Logistik Deutschland Plus" (CLD+). The property is fully let to the tenant 247TailorSteel on a long-term lease as part of a sale and leaseback transaction.

The lettable area of the property totals 18,490 m² and is divided into production and storage space (16,622 m²), office and social space (1,733 m²) and mezzanine space (135 m²). There are 145 car parking spaces available on the 36,757 m² site. The property, which was completed in March 2023, was developed to high technical standards and creates a pleasant quality of stay for the users of the property with plenty of daylight and high-quality furnishings. The property was designed and developed according to the wishes of the tenant 247TailorSteel. A third-party use with logistics utilisation was already taken into account in the planning of the building and allows for flexible re-letting.

The property is located in an established commercial area with direct access to the A7 motorway. The Ulm motorway junction is in the immediate vicinity, making the entire southern German region quickly accessible. Numerous internationally active transport and logistics service providers have settled in the area, which underlines the excellent location as a logistics centre in southern Germany.

The tenant 247TailorSteel supplies customised laser-cut sheet and tube material. Today, thousands of customers use 247TailorSteel to order customised sheet metal and tubes and receive them within 48 hours. The Langenau site is part of the group's expansion into Germany and is already the third site there. The Langenau site will serve the entire southern German region as well as Austria and Switzerland, supplying them with customised sheet metal and tubes.

With the acquisition of the property, Catella has now secured its 14th property for the Catella Logistik Deutschland Plus special fund, thus excellently complementing the existing portfolio with its new-build quality and high ESG standards and further stabilising the special fund's cash flow through long-term letting. "We are delighted with this modern property, which can be used by third parties, in a highly sought-after location. The location with its perfect infrastructure will offer the tenant the opportunity to further develop its successful business model and continue its expansion. Despite the current difficult macroeconomic environment, the transaction was realised as a sale-and-lease-back on very attractive economic terms," says Lukas Deubzer, Senior Investment Manager at CREAG.

Catella Real Estate AG received legal and tax advice on the purchase from DLA Piper and technical advice from Arcadis. The ESG due diligence was also carried out by Arcadis. The seller was legally advised by Greenberg Traurig. The transaction was brokered by the Dutch real estate agency 1530 Real Estate.

About the special fund "Catella Logistik Deutschland Plus"

The open-ended special AIF "Catella Logistik Deutschland Plus" (CLD+) has a target volume of around EUR 350 million and invests in sustainable warehouse and logistics properties in Germany and neighbouring countries. The investment focus is on properties in good to very good locations in established logistics regions close to transport hubs and conurbations as well as production centres. The investment strategy focuses on existing properties as well as new-build properties and special logistics halls (e.g. parcel distribution centres, delivery bases, fulfilment centres, cross docks, light industrial and industrial properties, refrigerated logistics, etc.).

Notes:
The "Catella Logistik Deutschland Plus" investment offer presented here is aimed exclusively at semi-professional and professional investors within the meaning of the German Investment Code (KAGB). It is an entrepreneurial investment with a long-term commitment that is associated with risks. Investors provide the investment company with equity, which can be eroded by losses. The investment can only be traded to a limited extent. There is a risk that it cannot be sold. Future performance is subject to taxation, which depends on the personal situation of the respective investor and may change in the future. There are further risks, which are explained in the information for semi-professional and professional investors in accordance with Section 307 (1) and (2) KAGB; these are available from Catella Real Estate AG, Alter Hof 5, 80331 Munich. Before a semi-professional investor subscribes, Catella Real Estate AG or the authorised distributor will satisfy itself in accordance with the statutory provisions that the investor is in a position to understand the risks associated with this investment.

For further information, please contact:
 
Catella Real Estate AG
Julia Stübler
Marketing & PR Manager
T: (0)89 189 16 65 0
F: (0)89 189 16 65 466
M: +49 (0)152 389 228 65
E: julia.stuebler@catella-investment.com
 
Further information can also be found on the website at www.catella.com/immobilienfonds

Catella Real Estate AG
Management Board: Andreas Wesner (Spokesman of the Management Board), Dr Bernd Thalmeier
Chairman of the Supervisory Board: Timo Nurminen; registered office Munich; Local Court Munich HRB 169