17 March 2022 Press releases

Granite acquires logistics centers in Germany with GvW

Granite is expanding its portfolio of logistics properties in Europe: The Canadian-based REIT has acquired the so-called "Lime Portfolio" from the former Malaysian owners, consisting of a total of four logistics centers in Breda (Netherlands) as well as in Wiesbaden (31,877 sqm), Erfurt (20,814 sqm) and Korbach (71,856 sqm). The deal volume of this transaction amounted to approximately 200 million euros.

Granite is engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties. The company's portfolio consists of 134 properties in North America and Europe.

GvW advised Granite on the acquisition of the German assets under the lead of Dr Bettina Schmitt-Rady with a Frankfurt team consisting of David Wende, Dr Magnus Dorweiler, Johannes Schuhmann and Katharina Lanio (all real estate).

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