The Cadillac Fairview/Ontario Teachers’ Pension Plan (OTPP) & Boreal IM joint venture (the “JV”) has completed its first transaction in Germany. The 43,000 sq.m logistics asset, which sits just east of Frankfurt, was purchased from Tritax Eurobox plc. Built in 2019, it is currently leased to B + S Logistics, part of the Nagel Group. Boreal will enhance the asset through BREEAM certification and other ESG measures.
ReactNews reported on the transaction here.