GARBE Industrial Real Estate GmbH (“GARBE”), one of the leading specialists for logistics and industrial properties in Germany and Europe, increased its assets under management by eight percent to c. 10.3 billion euros during the first half-year of 2022 (2021: 9.5 billion euros).
The sum total of notarised property transactions across Europe adds up to c. 1.62 billion euros (acquisitions: 1.15 billion euros; disposals: 0.47 billion euros) and thus exceeds the year-end transaction total of 2021 (1.2 billion euros) by around 35 percent. The property development segment has also benefited from the sustained demand for logistics real estate. At the same time, GARBE has projects worth another 2.8 billion euros in its property development pipeline. On the whole, the portfolio of GARBE across Europe now includes 194 assets (2021: 187) with a total lettable area of 5.3 million square metres.
Christopher Garbe, Managing Partner of GARBE, said: “The logistics real estate market is evolving without being in the least impressed by the challenging parameters. Take the pandemic, the war in Ukraine or the low score of the consumer climate: These have done nothing to curb demand for space in Europe.
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