Trammell Crow Company and CBRE IM Acquire 38,500 SQ M Logistics Site in Berlin

Trammell Crow Company (TCC), a global commercial real estate developer, in partnership with a fund managed by CBRE Investment Management (CBRE IM), have acquired a 38,524 sq m (414,669 sq ft) site near Berlin, Germany, on which it plans to develop a Grade A logistics project. The seller was real core Holding GmbH (RCH), a Frankfurt, Germany based industrial and logistics real estate development joint venture of May & Co. and Pflugfelder. RCH acquired the site in 2017, developed the master plan and received building permission in 2021.

Marking the first collaboration between CBRE IM and TCC in Germany, the partners will deliver a 20,981 sq m (225,838 sq ft) GLA single warehouse logistics asset that will be suitable for up to two occupiers. The scheme will include 18 HGV loading docks, two ground-level access doors, and 210 LV and 19 HGV barrier-free parking spots. It will be heated by a heat pump, will feature PV-ready roofs, and TCC and CBRE IM will target a BREEAM Excellent certification upon completion.

Construction of the project is set to commence this year.

The site is strategically located to offer direct access to supply chain and transportation networks – just 7km from Berlin’s airport and with proximity to freight centers – providing strong connectivity and distribution capabilities to domestic and international markets. It is situated 2.2km from the interchange of the A117/A113 motorways, which connect the site to Berlin’s city centre within a 40-minute drive.

Berlin remains a well-established logistics market within Europe and is in one of Germany’s top real estate locations, with the 3.8 million inhabitants of the German capital within a short drive of the asset.

Max Moser, Vice President at Trammell Crow Company, said: “As demand for Class-A, high-quality and efficient logistics infrastructure continues to grow in Germany, this acquisition underscores our commitment to addressing these needs. This project exemplifies excellence in connectivity, sustainability, and quality. Having worked with CBRE IM so successfully in other markets, we’re pleased to have the opportunity to collaborate with its team in Germany and expand TCC’s rapidly growing footprint in central Europe with another best-in-class scheme.”

Sebastian Ehrhardt, Managing Director and Country Manager for Germany at CBRE IM, said: “The long-term fundamentals for Europe’s logistics sector are highly positive. This is especially the case in Germany that benefits from its location at the centre of the European Union supported by world class infrastructure connecting it to the rest of the continent. This scheme we will deliver in Berlin, together with Trammell Crow, is an excellent example of the kind of high-quality stable investment opportunities we are focused on located on European logistics corridors.”