FGvW advises Fidelity on the acquisition of first German logistics real estate for LOGICs fund

The investment company Fidelity International was advised by a real estate team of our firm on the acquisition of a logistics property for the newly launched Fidelity Real Estate Logistics Impact Climate Solutions Fund (“LOGICs”).

The property, which covers around 34,500 square meters, was built in two phases between 1997 and 2017 in the Wustermark freight village, west of Berlin. The current tenant of the older building section is Schlau Großhandels GmbH & Co. KG. The second building section, with around 18,800 square meters of leasable space, will be available for lease from mid-2025, after it has been modernized in line with the fund's manage-to-green strategy. The fund aims to acquire logistics properties in established Western European markets that can be made more sustainable through energy optimization. The property in Wustermark is the LOGICs fund's first investment property in Germany, following the acquisition of properties in the Netherlands and Spain at the end of 2024.

The Fidelity International group offers investment solutions and services as well as expertise in retirement planning to more than 2.5 million customers worldwide. The owner-managed company manages assets of 830.6 billion euros. Its customers include central banks, sovereign wealth funds, large companies, financial institutions, insurance companies, asset managers and private investors.

Fidelity International was comprehensively advised on the legal aspects of the acquisition by our Frankfurt and Cologne team specializing in real estate transactions, led by partner Tom Erdt.

Advisors Fidelity:

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

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