Munich – Global property investment manager Invesco Real Estate has sold a logistics facility in AirportPark Leipzig to CBRE Global Investors. Invesco originally acquired the 114,000 square metre site in 2020 and constructed around 57,000 square metres of flexible storage space on it. The property is leased to online retailer Relaxdays. It is strategically situated in AirportPark near Leipzig Airport on the A9 motorway. Further details of the transaction were not disclosed.
A CMS team headed by Dr Oliver Thurn advised Invesco Real Estate on all legal aspects of selling the logistics facility. Prior to advising on the sale, the team led by the Munich-based partner also advised Invesco Real Estate on purchasing the site and during the development phase.
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