GPT Halverton (formerly Halverton REIM) (UK)Company
GPT Halverton buys commercial property in Kassel (DE)
Friday 31 August 2007
GPT Halverton has acquired a distribution warehouse property in Kassel for its EB8 fund. The property in Gobietstrasse is located in the Kassel-Waldau industrial park, the largest commercial zone in north Hesse. The complex comprises an extensive site with four buildings containing 15,000 m² ground-level warehousing space and 400 m² office space. The property was built in several phases between 1989 and 1991 and is 97% let. The Rudolph Logistik group is the sole tenant.
The city of Kassel lies at the geographical center of both Germany and the EU. Due to this central location, GPT Halverton anticipates strong demand for logistics and distribution centers. Kassel can be accessed from three motorways (A7, A44 and A49). The major cities of Hanover, Dortmund and Frankfurt am Main, with its international airport, can all be reached within 1.5 hours. Kassel also has two railway stations, one of which (Kassel-Wilhelmshöhe) is a halt for ICE (high speed) and intercity trains.

Real estate brokers Angermann of Hamburg and Leineweber of Kassel acted as agents for the transaction.

Source: Targa
Print   Send to a friend   Rate   Write comment No ratings for this article
More articles of GPT Halverton (formerly Halverton REIM)
More News
Related companies, people, projectsArticles in related categories
  • Corporate & Property Management
  • Real Estate Investment
latest news
MONOLAB Architects proposes 'Green River' project for Rotterdam (NL) Rotterdam lags behind other cities on two issues. First, Rotterdam has little functional green... 9/9/10 09:09
INREV: Case for investment in non-listed real estate survives the financial crisis (EU) Non-listed real estate investment weathered the recent financial crisis no worse than the other... 9/9/10 08:50
KCAP realizes the Django Building in Amsterdam Zuidas (NL) KCAP Architects&Planners has realized the Django Building; an apartment complex in Amsterdam’s... 8/9/10 09:00
ING Real Estate Select attracts over €500 mln. in European inflows in first half of 2010 (NL) ING Real Estate Select, the multi-manager investment business, attracted around €500 million in... 7/9/10 09:10
INREV: Dutch real estate investor universe very big, highly sophisticated and looking abroad (NL) Dutch investors lead the field in terms of non-listed investing in Europe, according to a survey... 6/9/10 08:45
INREV Director to support ANREV on secondment (NL) INREV’s Andrea Carpenter is to join sister organization ANREV, the Asian Association for Investors... 3/9/10 08:20
ING REIM appoints Bruno Cohen Chief Investment Officer France (FR/NL) ING Real Estate Investment Management (ING REIM) has appointed Bruno Cohen as Chief Investment... 2/9/10 08:30
ING to sell its stake in Canadian property portfolio (NL/CA) ING announced today that it has agreed to sell its 50% stake in ING Summit Industrial Fund LP... 31/8/10 09:05
Foruminvest sells a majority stake in its Belgian projects (BE/NL) Banimmo, the listed Belgian property company and Patric Huon, the CEO of Foruminvest Belgium have... 30/8/10 09:20
Bas Kortmann to step down from SNS REAAL Supervisory Board (NL) The Supervisory Board of SNS REAAL N.V. announces that Mr Bas Kortmann (60) will retire from the... 26/8/10 08:30
Global sites: Amsterdam · Belgium · Emirates · Europe · Germany · Holland · Recruiter · Retail · Rotterdam · Turkey · UK
© 2000 - 2010 Europe Real Estate Publishers. All rights reserved. Contact us. Send your press releases.
 
-