FGvW advises Global Gate Capital on the acquisition of a logistics property in the Rhine-Main region

FGvW has advised Global Gate, a leading international investment company, on the acquisition of a distribution center in Groß-Gerau, southwest of Frankfurt am Main.

The real estate transaction, with a volume of around 22 million euros, was carried out by Dietz AG, a company specializing in logistics real estate, as the seller.

The distribution center is conveniently located near the A67 motorway junction on a 31,500 square meter site. It offers around 20,500 square meters of lettable warehouse space and has been operated by furniture retailer XXXLutz via BDSK Handelsgesellschaft since 2015. The property serves as a central distribution center for the Rhine-Main region. As part of the strategic development of the site, there are plans to expand the existing hall complex by a further approx. 6,800 square meters on the adjacent property.

The acquisition was made as part of Global Gate's German Logistics Income Programme (GLIP). The programme pursues a Core+ strategy and invests specifically in high-quality ESG-compliant logistics and industrial properties in key German markets.

Global Gate received comprehensive legal advice on the investment from a team specializing in real estate law in Frankfurt and Cologne, led by partner Dr Tom Erdt.

Advisors Global Gate:

Tom Erdt, Partner (Lead, Real Estate, Frankfurt)
Markus Beaumart, Partner (Real Estate, Cologne)