DLA Piper advises Cabot Properties on the acquisition of a logistics centre in Germany

DLA Piper has advised Cabot Properties, a global investor, developer, and operator of industrial real estate, on the acquisition of a logistics property in Linden, Germany.

Built in 2000 and partially modernised in 2012, the property has a leasable area of almost 15,800 m2 and is currently let to a single tenant. Located close to the A485 and A45 motorways, the logistics centre is ideally located for transport links.

Cabot Properties is an international private equity real estate firm focused on the logistics sector. Founded in 1986, Cabot was one of the first real estate firms to provide institutional investors with access to the industrial property sector and has invested over USD15 billion in logistics real estate, served over 4,200 tenants, and operated over 1,600 buildings totaling more than 230 million square feet. Cabot is headquartered in Boston with offices in Atlanta, Chicago, Dallas, Los Angeles, Amsterdam, London, Sydney, Munich, and Tokyo.

This acquisition is a strong addition to Cabot Properties’ portfolio as they expand their European business strategy and operations. Konstantin Braun and Florian Neumann, based in Munich and Amsterdam, respectively, led the negotiations for Cabot.

The DLA Piper team, led by partners Dr Martin Haller and Dr Manuel Indlekofer (both Real Estate, Munich), also included partner Dr Marie-Theres Rämer, senior associates Albina Daka (both Tax, Frankfurt), Dr Lilian Gutkin as well as associates Sophia Aiello and Julia Ambs (all Real Estate, Munich).