Crossbay acquires logistics property in Kaarst: future of city logistics!

Crossbay acquires logistics property in Kaarst: future of city logistics!

Crossbay, a company owned by MARK Capital Management, recently acquired a city logistics property in Kaarst, within the Düsseldorf metropolitan region. The property covers an area of ​​13,887 m² and is already fully rented. The purchase was made by a special fund from Deka Immobilien Investment GmbH. The property is strategically located, just 20 km from Düsseldorf Airport and 15 km from the city center. It also offers excellent connections to the A57 and A52 motorways, which makes access to the Rhine-Ruhr area and the Netherlands easier.

The property on offer includes 11,927 m² of warehouse space and 1,960 m² of renovated office space, which are rented to a leading global logistics company. The property's catchment area can be accessed by approximately 15.57 million residents within a two-hour drive. The region stands out for its above-average purchasing power, which makes it an attractive location for logistics companies.

Sustainability and future plans

The property, which was built in 2002, demonstrates its commitment to sustainable construction through a BREEAM certification with a “Good” rating. With a clear hall height of 8.8 meters, 10 loading ramps and a floor load capacity of 50 kN/m², the property is well suited for logistical processes. Crossbay also plans sustainability-related upgrades to the property to further increase efficiency and environmental friendliness.

This acquisition is in line with Crossbay II's overarching strategy, which aims to acquire well-located logistics properties in Europe. The company has been investing in Germany since 2021 and has already managed over 180,000 m² in key cities such as Munich, Frankfurt, Hamburg, Düsseldorf and Berlin.

Market developments

Last month, Crossbay completed its largest lease of the year in South Berlin, where 14,000 m² was leased to Sportstech. In addition, the second pan-European value-add fund will be closed in the fourth quarter of 2024 with equity commitments of 660 million euros. This will enable an investment capacity of around 1.5 billion euros including debt capital.

The developments in the area of ​​logistics real estate are in the context of an increasingly sustainable transformation in the industry. The importance of location and infrastructure for logistical activities is becoming increasingly clear, which makes projects like Crossbay's in Kaarst particularly relevant. Further information on the sustainable transformation of logistics properties is documented in a detailed analysis on repositum.tuwien.at is available.