Montea Completes Acquisition of Hamburg Port Logistics Park for €50 Million

In a strategic move to fortify its foothold in the German real estate market, Montea has successfully completed the acquisition of a sprawling logistics park nestled within the Port of Hamburg. Spanning an impressive expanse of 89,000 square meters, this acquisition marks a significant addition to Montea’s diversified portfolio. The property, leased from the esteemed Hamburg Port Authority, comprises five distinct buildings erected between 1993 and 2019, representing a blend of historical and contemporary architectural styles. With an investment totaling approximately €50 million, this acquisition underscores Montea’s commitment to strategic growth and investment in prime logistics assets.

One of the key drivers behind Montea’s confidence in this acquisition is the promising potential for future rental growth. Situated within the bustling Port of Hamburg, renowned as Europe’s third-largest port and a pivotal gateway for international trade, the logistics park holds immense strategic value. Leveraging its strategic location, coupled with the prospect of redevelopment opportunities, Montea anticipates unlocking substantial value from this investment in the years ahead.

At present, the property stands fully leased to five reputable companies, each benefiting from state-of-the-art facilities and modern amenities. Noteworthy features include contemporary LED lighting fixtures across all spaces, enhancing energy efficiency and reducing operational costs. Furthermore, one of the units boasts a remarkable green roof, aligning with Montea’s commitment to sustainability and environmental stewardship. In addition, the newer buildings within the complex are equipped with advanced black tube heaters, offering superior heating efficiency compared to conventional warehouse heating systems. The integration of skylights further optimizes natural daylight penetration, fostering a more conducive working environment and reducing reliance on artificial lighting.

Strategically positioned within the well-established logistics hub of Hamburg-Altenwerder, the logistics park enjoys unparalleled trimodal connectivity. This prime location offers direct access to the Port of Hamburg, facilitating seamless import-export operations for tenants. Furthermore, its close proximity to the Hamburg-Waltershof access road, providing swift connectivity to the A7 highway, enhances accessibility for logistics and distribution activities. Additionally, the nearby Altenwerder freight transport center, complete with a rail siding, presents attractive multimodal transport options, further augmenting the logistical advantages of the property.

Patrick Abel, Country Director Germany at Montea, underscored the significance of this strategic investment, emphasizing its pivotal role in bolstering Montea’s presence in Germany. Notably, with 53% of Montea’s current portfolio categorized as multimodal, this acquisition aligns seamlessly with the company’s strategic vision of catering to evolving market demands. Abel reiterated Montea’s steadfast commitment to further expansion in Germany, citing the company’s unwavering focus on leveraging the potential of port and airport locations to drive sustainable growth and value creation.

The successful execution of this acquisition was made possible through collaborative efforts and expert advisory services. Montea received comprehensive advisory support from leading firms including Ashurst (Legal), PWC (Financial & Tax), CBRE (Technical), and Nova Ambiente (Environmental). Likewise, the fund managed by Tristan benefited from strategic guidance provided by CBRE (Global Real Estate Services), Greenberg Traurig (Legal), and PWC (Tax), facilitating a seamless and mutually beneficial transaction.

In summary, Montea’s acquisition of the Hamburg Port Logistics Park represents a strategic milestone in the company’s journey of expansion and value creation. With its prime location, robust tenant base, and promising growth prospects, this acquisition positions Montea for sustained success and leadership in the dynamic German real estate market.