A joint venture between Zurich-based investment and asset manager, StoneVest AG, and an entity managed by real estate investors liquidity provider, Madison International Realty, have acquired a light industrial property in Weißenburg, Bavaria.
The property offers approximately 15,000m² (c.160,000ft²) of leasable space on a 39,000m² (c.410,0000ft²), predominantly consisting of warehouse and production areas, alongside office space.
The seller is a group of private investors who previously developed the site as the former owners of the current tenant.
The property is located at Dettenheimer Straße 34 in Weißenburg’s Industrial Zone South and its tenant, KTX GmbH, is a specialist in interior and exterior components for the automotive industry.
Founding partner of StoneVest AG Dr. Wulf Meinel said: “We are proud to have successfully completed this transaction.
“The Weißenburg property aligns perfectly with our strategy to acquire high-quality light industrial assets in well-connected locations.
“I am pleased that our joint venture with Madison International Realty has now secured its fourth property in Germany, and we look forward to continuing to grow our relationship.
“At the same time, supporting our tenant KTX in Weißenburg sustainably and working closely together to create the best possible conditions for their development and production activities is a key priority for us.”
