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BRIXTON PARK goes to Citi Property Investors

Three logistics properties have now changed hands under the name BRIXTON PARK. A Luxembourg SPV (special purpose vehicle) controlled by Citi Property Investors (CPI) has acquired the buildings from Deka Immobilien GmbH for a middle-sized double-digit million figure with the intention of investing in high-yielding logistics properties in the German market. The properties previously belonged to the real estate assets of the WestInvest I open-ended public fund. Colliers Trombello Kölbel Immobilienconsulting GmbH initiated the transaction and advised the purchaser.

The properties are sited in established logistics locations in Neuss and Erkrath. Completed in the early 1980s the buildings have over 61,000 m² of lettable area. The most important tenants are the Danish furniture retail chain BoConcept, the Japanese logistics company Mitsui-Soko, and Sangro Medical, warehouse managers and suppliers of medical consumer goods. Citigroup plans an ongoing
refurbishment.

Citi Property Investors is a global investment management company with offices in New York, Los Angeles, London, Shanghai, Hong Kong and Frankfurt and a representative office in Mumbai. With an investment value of over 12 billion US dollars CPI invests both in the private and public spheres. Its investment properties include offices, commercial and retail properties, hotels and apartment blocks.

Deka Immobilien GmbH is a sister company of two capital investment companies Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Immobilienfonds, which together manage fund assets of around 17 billion euros. It is responsible for the world-wide acquisition and disposal of properties, the management of these assets, and all other property services.

Press contact:
Gabriele Stegers
Colliers PropertyPartners
Trombello Kölbel Immobilienconsulting GmbH
Steinstrasse 1-3
40212 Düsseldorf
Germany
Telephone +49 (0)211-8 620 62 48
Fax +49 (0)211-8 620 62 62

About Colliers Trombello Kölbel:
Colliers Trombello Kölbel Immobilienconsulting GmbH is a real estate consultancy operating on a national and international level. The company offers the following services: Leasing of office and commercial space, acquisition and disposition of commercial property, strategic and conceptional advisory service regarding real estate, transaction advice and extensive market research. Joining the property association Colliers PropertyPartners Trombello Kölbel is a legal entity and member of Colliers International. This global affiliation of legally independent property services companies is represented with over 10,000 employees in around 260 offices in more than 50 countries.

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