Mileway completes two significant acquisitions in Germany as presence continues to grow
Press release – 23 September 2021
Mileway, the leading pan-European last mile logistics real estate company, has acquired two prime properties within close proximity to Stuttgart city centre as it 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 team, which has grown to 32 people across five cities throughout Germany, has also recently been bolstered by the appointment of a dedicated transactions manager, Frederic Eichelmann.
"Mileway’s presence in Germany continues to grow at pace." Georg Starck, Mileway Country Director for Germany
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, with connection to both city centres Stuttgart and Heilbronn in less than an hour, and direct access to main highways. The property is fully occupied by customers including the automation solutions provider, Inovance Technology Europe and Europart a supplier of the automobile industry.
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 provides existing customers with sought-after space close to the local district of Esslingen and the wider Stuttgart region, one of the top performing economic regions in Europe.
Georg Starck, Mileway Country Director for Germany, commented: “Mileway’s presence in Germany continues to grow at pace. We remain focused on executing our strategy of leveraging our scale and local market expertise to meet the growing demand from customers for high-quality properties that enable them to easily reach the consumers and business they serve. These latest acquisitions demonstrate our ability to source and execute on high quality last-mile assets as we continue to seek out opportunities in the German market.