Press Release •

Crossbay acquires ca. 68,000 sqm prime logistics opportunity in Berlin

Crossbay, the urban logistics strategy of pan-European investment manager MARK Capital Management, has acquired a 45,000 sqm fully-let warehouse and 38,000 sqm adjacent development land plot for an undisclosed sum. The assets are located in the most productive freight village in East Germany: Berlin South Großbeeren[1].

The warehouse was acquired with a long term lease agreement with one of the world’s leading logistics service providers. The adjacent land will be developed into a ca. 23,000 sqm prime warehouse with market-leading sustainability credentials by Crossbay’s in-house development team. The development will be speculatively built and offers a highly flexible multi-user layout suitable for a single tenant or multi-tenant letting.

Scheduled for completion in the first half of 2027, the new facility will target the ‘DGNB Gold’ sustainability certification and feature advanced eco-friendly innovations, including rooftop photovoltaic (PV) solar panels.

The Großbeeren freight village is the centrepiece of the Berlin-Brandenburg logistics hub and part of the capital’s “Bacon Belt.” With a catchment area of 5.2 million people in one hour, the assets are located directly on the B101 and in the immediate vicinity of the Berlin motorway ring A10 road – with the city of Berlin in short drive away.

The transaction was brokered by Jones Lang LaSalle (JLL). Crossbay received advisory support from Goodwin, Berkers & Cie and CBRE.

Marco Riva, CEO, Crossbay, said: “This is a flagship deal for our German portfolio. We are taking advantage of the price dislocation and leveraging our unrivalled hyper-local origination capabilities to assemble a market-leading portfolio of last-mile assets during what will be an excellent vintage for European logistics.

“Our end-to-end asset management function, including our in-house development capabilities, is a differentiator in a crowded marketplace. It ensures we can drive value across a variety of investment opportunities, which was proven through our first vehicle and is being successfully replicated with our second.”

Trung Nguyen, Vice President, Crossbay, said: “These assets are located in one of the capital’s most desirable logistics locations, being home to a diverse tenant mix which includes some of the world’s leading companies in their respective fields of operation. This deal provides us with a steady income stream from an extremely strong covenant as well as the opportunity for outperformance through best-in-class ground-up development.”

Crossbay is a prominent investor in the German logistics market, investing primarily in existing warehouses that are primed for sustainability-focussed refurbishment and capex programmes – which are its strategic priority – in a bid to unlock reversionary potential and value creation.

Crossbay has been investing in Germany since 2021 and currently manages 133,000 sqm of space following acquisitions in Munich, Frankfurt, Hamburg and Berlin. In Q4 2024, Crossbay achieved a final close for its second value-add fund, securing €660m in equity commitments, representing approximately €1.5bn in investment capacity – including leverage.

[1] https://www.logivest.de/logistikstandorte/gvz/berlin-sued