Aviva Investors has added a newly developed logistics hub in Germany to its Perpetual Capital portfolio.
The hub is based in the Kitzingen region of Bavaria and was purchased from the US-based developer Scannell Properties.
Built in July 2023, the 12,000 sq m property is also fossil fuel-free, aligning with Aviva Investors strategy to decarbonise its property portfolio.
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Nor is Aviva the only real estate investment firm to acquire German commercial property.
Germany-based Sirius Real Estate has acquired two business parks in Cologne and Göppingen for a total of €40 million (US$43.10 million).
