DLA Piper has advised Mileway on the deal.
Mileway, the leading pan-European last mile logistics real estate company, executed the acquisition of two prime properties within close proximity to Stuttgart city centre. Mileway continues to expand in Germany to meet the growing demand from customers for properties close to urban centres. These two acquisitions expand Mileway’s footprint in Germany to over 2,500k sqm of space across more than 200 assets.
The first of the two properties Mileway has acquired, is located in a well-established business park in Pleidelsheim. It comprises two standalone buildings totalling over 6,000 sqm of space, with a combination of warehouse space on the ground floor and offices above. The property occupies an excellent location to the north of Stuttgart. The property is fully occupied by customers.
The second property, situated in Kirchheim unter Teck, southeast of Stuttgart, totals over 5,000sqm of space and benefits from good proximity to major highways, providing convenient access to the south-east of the country and central Europe, via Munich. The property also provides existing customers.
Mileway is the largest owner of last mile logistics real estate assets in Europe. It has a pan-European footprint, with 1,700 owned and managed assets across 10 major European economies. Mileway’s top markets of the UK, Germany, the Netherlands, France and Sweden represent over 80% of the portfolio. Mileway is headquartered in Amsterdam and has a team of over 340 employees.
The DLA Piper was led by partner Fabian Mühlen (Picture) and also comprised of senior associates Konstantin Decker-Horz and Philipp Reclam (all Real Estate, Frankfurt).
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