ICG Real Estate sells Munich urban logistics facility to Global Gate for €22 million

  • ICG plc’s real estate unit sold an urban logistics facility in central Munich to Global Gate Capital for about EUR 22 million.
  • Asset in Obersendling serves as Alliance Healthcare Deutschland’s main Munich distribution hub; weighted average lease term of 12 years.
  • ICG Real Estate bought the property in April 2023 within an 18-site pan-European portfolio leased to Alliance Healthcare on triple-net, index-linked terms.


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