DLA Piper advises Cubilis Asset Management on acquisition of production and logistics property

DLA Piper has advised logistics specialist Cubilis Asset Management, as manager of the European Consumer Logistics Fund (ECLF), on the acquisition of a manufacturing and logistics property from GSG ARMO. The fund is managed by Arbireo Capital and Cubilis Asset Management. IntReal is acting as service KVG.

GSG ARMO, a subsidiary of Gewerbesiedlungs-Gesellschaft (GSG Berlin), had previously acquired the property with approximately 29,000 m2 of leasable space as part of a portfolio purchase. Due to the company's focus on the commercial real estate market in Berlin, the property in Ettlingen has now been resold. The ELCF, which has a total investment volume of EUR250 million, invests in pan-European real estate suitable for or used in the handling of logistics activities.

Based in Frankfurt, Cubilis Asset Management advises investors in Germany and in neighboring European countries on the purchase, sale and portfolio management of modern distribution and warehouse space.

The DLA Piper team was led by partner Fabian Mühlen (Real Estate) and also included partner Dr Marie-Theres Rämer (Tax), senior associate Konstantin Decker-Horz (Real Estate) and associate Eda Altintas (Tax, all Frankfurt).