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FGvW advises Fidelity International on the acquisition of a 32,000 square meter logistics property in Erfurt

FGvW has advised the investment company Fidelity International on the acquisition of a 32,000 square meter logistics property located in a freight transport center in the city of Erfurt, Germany, for the Eurozone Select Real Estate Fund.

The property is let on a long-term lease to CATL, a major Chinese manufacturer of batteries for electric cars, which uses the property as a distribution center.

The Fidelity International group of companies offers investment solutions and services as well as pension expertise to more than 2.5 million customers worldwide. The owner-managed company has assets under management totaling 757.2 billion euros. Its clients include central banks, sovereign wealth funds, large corporations, financial institutions, insurance companies, asset managers and private investors. The Eurozone Select Real Estate Fund is a sub-fund of the Fidelity International Real Estate Fund (FIREF).

Fidelity International received legal advice on the acquisition from a team specializing in real estate transactions of Friedrich Graf von Westphalen & Partner in Frankfurt and Cologne, led by partner Dr. Tom Erdt.

Advisors to Fidelity International:

Dr. Tom Erdt, Partner (Lead, Real Estate, Frankfurt)
Dr. Markus Beaumart, Partner (Real Estate, Cologne)
Dr. Hannes Reiher, Local Partner (Real Estate, Frankfurt)

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