May 16, 2022

Ivanhoé Cambridge acquires a 115,000 m² logistics asset in Hamburg and expands its Hub & Flow portfolio into Germany

  • 115 000 m² warehouse strategically located in Hamburg, crossroads of Northern Europe
  • An asset 100% leased to H&M Group
  • Ivanhoé Cambridge’s Hub & Flow logistics platform expands in continental Europe

Berlin, Germany, May 16th, 2022 – Ivanhoé Cambridge strengthens its Hub & Flow logistics portfolio with the acquisition of a warehouse in Hamburg, Germany, from ADF Asset Management, a South Korea based asset management firm. This transaction is the first for the Hub & Flow platform in Germany, contributing to the portfolio’s geographical diversification in continental Europe.

Located near the port of Hamburg, Europe’s third-largest port in terms of freight transport, this logistics asset with a total surface area of 114,760 m², on a freehold land, benefits from a strategic location in continental Europe.

Ideally positioned in the Allermöhe business park, one of Hamburg’s most established logistics areas, the warehouse benefits from access to a major highway network serving more than 7 million consumers.

The Hamburg warehouse has benefited from several initiatives to improve its ESG performance, such as the installation of solar panels on the roof, enabling to develop a power supply with immediate tracking of the energy created and consumed. Efficient office space, conference rooms and a roof terrace are further core components of the utilisation concept.

The asset is 100% leased to H&M Group.

“With the acquisition of this first logistics asset in Hamburg, we continue to reinforce our presence in Germany, one of the key markets for our growth in Europe”, said Christian Daumann, Vice President, Investments, Germany at Ivanhoé Cambridge. “The growth of logistics is a major focus of our strategic plan, which aims, in particular, to triple the size of our logistics portfolio in Europe by 2025. We will therefore continue to build a resilient and diversified portfolio across the European continent.”

This transaction is in line with Ivanhoé Cambridge’s logistics strategy in Continental Europe, which was initiated by the Hub & Flow portfolio in February 2020 and continued with the acquisitions of three projects currently under development in Roye (Hauts-de-France), Mer (southwest of Orléans) and Fos-sur-Mer (Bouches-du-Rhône) in France. This portfolio complements Ivanhoé Cambridge’s European logistics operations, such as the partnership with PLP for the development of a first-class logistics portfolio in the United Kingdom and the collaboration with URBZ Capital as part of its strategy dedicated to last-mile logistics in Europe.

Ivanhoé Cambridge was advised in this transaction by Avison Young, Drees & Sommer and Allen & Overy.

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