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ESTAma advises on Sale of a Light Industrial Property near Gütersloh, Germany

London, 1st December 2017. ESTAma announces the sale of a light industrial property on behalf of an undisclosed international investor. The property was purchased by a group of local investors for a price of ca. €11 million. ESTAma acted as sales agent advising the seller.
The property comprises a number of halls with a floor space of ca. 32,000 sqm and is let to a subsidiary of Bertelsmann Group. It is located in Harsewinkel-Marienfeld, near Gütersloh, Germany.
The transfer of the property happened in the fourth quarter of 2017.
“The sale demonstrates the liquidity of specialized, non-institutional commercial property and the interest of local investors and their ability to raise financing“, reflects Christian Bodtke, Investment Executive.