Bowery Europe, an investor focused on the European logistics sector, has acquired a last-mile logistics property in Cologne. The transaction encompasses an area of 25,700 square metres and amounted to an investment volume of 40 million euros. The acquisition serves to strategically expand Bowery Europe's German portfolio.
The property is leased to a well-known online retail tenant. The asset was completed in 2022 and features a high level of technical equipment. It meets modern requirements for logistics infrastructure, including specific loading zones and storage capacities necessary for an e-commerce operation.
Strategic Importance of the Acquisition
This acquisition underscores the continued attractiveness of the German logistics real estate market for investors. Last-mile logistics locations in urban and peri-urban areas, in particular, are gaining importance as they enable efficient delivery to end-customers. The location in Cologne, a central logistics hub in North Rhine-Westphalia, contributes to the strategic relevance of this investment.
The acquired property is fully let and generates stable rental income. This aligns with Bowery Europe's investment strategy to invest in high-quality and high-yielding logistics properties. A further focus of investment activities is on modern, energy-efficient buildings with low maintenance requirements.
Market Context and Outlook
The logistics real estate market in Germany continues to be characterised by high investor interest. Factors such as growing online retail and the need for robust supply chains drive demand for suitable space. Investors particularly favour locations that offer direct access to main transport routes and conurbations.
- —Transaction volume: 40 million euros
- —Area: 25,700 sq m
- —Location: Cologne
- —Use: Last-mile logistics
The acquisition in Cologne is another example of Bowery Europe's active role in the European logistics real estate sector. The company continues to focus on properties that meet current and future requirements for modern logistics processes, both in terms of their location and structural substance. This ensures the long-term value development of the investments.
