Set to complete between Q1 2023 to Q1 2024, the portfolio represents one of Allianz Real Estate’s largest single logistics sector acquisitions, in terms of gross leasable area, to date: in total the five facilities will cover over 200,000 sqm.
DHL, responsible for the development and delivery of the assets, will occupy at least 85% of the facilities on long-term leases post completion. The facilities are located in the Netherlands, Poland and Finland and cover four core European logistics sub-markets, including Eindhoven and Warsaw/Gorzow, with the facilities in Helsinki and Warsaw/Gorzow becoming Allianz Real Estate’s first ever logistics assets in Finland and Poland.
The facilities being developed will have modern technical specifications, reflect the DHL Campus concept and become mission-critical hubs for DHL and its national and international customers.
Each building is designed to meet the very highest sustainability criteria, including BREEAM Excellent and EPC A ratings, and be compliant with EU Taxonomy. They will undergo a Carbon Risk Real Estate Monitor (CRREM) assessment to ensure alignment with rigorous decarbonization and energy efficiency pathways and Allianz Real Estate’s own net-zero program.
In addition to the five facilities under construction, the relationship with DHL includes the potential for Allianz Real Estate to acquire additional facilities in Europe in future.
The logistics sector remains a central focus for Allianz Real Estate due to its strong market fundamentals, including the e-commerce growth and supply chain re-configuration. The firm’s global logistics portfolio has grown to EUR 14.2 billion in assets under management, of which EUR 7.2 billion is in Europe.
Transactions in 2022 include the forward purchase of Multi Business Hub Mittelrhein, a prime logistics center in Polch, Germany; continued investments with long-term partner VGP; the acquisition of a three-asset, Grade A portfolio in the Nordics; and a seven-year refinancing facility to Intospace for six assets in the Netherlands.
Kari Pitkin, Head of Business Development Europe, Allianz Real Estate, said: “This high-profile transaction with a new prime partner in DHL further underscores the value Allianz Real Estate places on high-quality logistics assets in core markets in both established and fast-growing sub-markets. 2022 has proven to provide opportunity in the sector and we expect to further expand our European portfolio as we look ahead.”
Joe Mikes, Global Head of Real Estate Solutions at DHL Supply Chain,
said: “We are very proud to be able to offer our clients effective growth opportunities, with warehouses that are not only located in core markets and fulfill our clients’ needs, but also meet the highest ESG and sustainability criteria. This enables us and our customers to create business opportunities that are compatible with our Sustainability Roadmap, which aims to make every aspect of the supply chain more sustainable which of course also includes our real estate. We are very much looking forward to many more such projects in the future.”
Allianz Real Estate was advised by CMS, Wistrand and Castren & Snellman, Drees & Sommer, Deloitte, KPMG and Savills.
When introducing a property investment opportunity to PIMCO Prime Real Estate you acknowledge that we are under no obligation to accept your introduction or enter into any agreement with you. Fees, commission or other payments in respect of introductions shall only be payable where there is a signed written agreement to that effect entered into between PIMCO Prime Real Estate and the introducer. By submitting an introduction to PIMCO Prime Real Estate you shall be deemed to have accepted the aforementioned terms.
"PIMCO Prime Real Estate” is a PIMCO company that includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates: PIMCO Prime Real Estate GmbH (Company No. 158768, Seidlstrasse 24–24a, 80335 Munich, Germany), PIMCO Prime Real Estate GmbH Belgium Branch (VAT No. BE 0841.512.711, Boulevard Roi Albert II, 32, 1000 Brussels, Belgium), PIMCO Prime Real Estate GmbH France Branch (SIRET No. 509 339 669 00053, 50-52 Boulevard Haussmann, 75009 Paris, France), PIMCO Prime Real Estate GmbH Italy Branch (Numero REA MI-2107576, Piazza Tre Torri, 3 20145 Milano, Italy), PIMCO Prime Real Estate GmbH Spain Branch (NIF W2760686B, Paseo de La Castellana, 200 Edificio Spaces, 28046 Madrid, Spain), PIMCO Prime Real Estate GmbH Sweden Branch (VAT No. SE516411865401, Norrlandsgatan 18, 111 43 Stockholm, Sweden), PIMCO Prime Real Estate GmbH UK Branch (Company No. FC036236, 11 Baker Street, London W1U 3AH, United Kingdom), PIMCO Prime Real Estate Asia Pacific Pte Ltd (UEN 202000233H, 12 Marina View #17-02 Asia Square Tower 2, Singapore 018961), PIMCO Prime Real Estate (Shanghai) Co, Ltd (Company No. 91310115MA1K4KBT0L, 479 Lujiazui Ring Road, Shanghai Tower, Pudong New District , Shanghai 200120, People’s Republic of China), PIMCO Prime Real Estate Japan GK (Company No. 0104-03-022895, 1-6-2 Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan), PIMCO Prime Real Estate LLC (File No. 5234055, 1633 Broadway, New York, NY 10019-6999, USA). PIMCO Prime Real Estate LLC is a wholly-owned subsidiary of Pacific Investment Management Company LLC, and PIMCO Prime Real Estate GmbH and its affiliates are wholly-owned by PIMCO Europe GmbH. PIMCO Prime Real Estate GmbH operates separately from PIMCO. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC.
PIMCO Prime Real Estate is a trademark of PIMCO LLC and PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world.