High-quality property with strong tenant loyalty: Elite Partners Capital buys 180,000 square meters multi-user logistics park near Karlsruhe with Taylor Wessing

Elite Partners Capital, an investment company based in Singapore, has acquired a large-scale logistics park in the vicinity of Karlsruhe. A Taylor Wessing team from Germany and the Netherlands, led by Hamburg real estate expert Dr. Alexander Peinze, advised Elite Partners Capital on all legal issues in all matters relating to the transaction including tax.

The multi-user logistics park located in Ettlingen is characterized by its outstanding transport infrastructure, which includes a wide range of road, public transport and waterway connections as well as its proximity to Frankfurt and Stuttgart airports. Around 85 percent of the 180,000 square meters of net rental space will be used by a car manufacturer as a global logistics center in the long term. In the coming years, the property is to be modernized with a view to ESG standards in close coordination with the au-tomotive manufacturer.

Elite Partners Capital is a global investment manager with assets under management of more than € 2 billion in seven countries specializing in niche opportunities and underserved markets. The company is headquartered in Singapore and has offices in London, Prague and Luxembourg. Since entering the market in 2017, the company has grown its assets by 420 percent. Elite Partners Capital acquired the logistics park via its Elite Logistics Fund II, a pan-European logistics fund in which a sovereign wealth fund is invested and which includes a strong network of family offices from across Asia. 

Elite Partners Capital has relied on Taylor Wessing's legal expertise for the first time. This opportunity to work with Elite Partners Capital has come through the recruitment of partner Leona Ahmed to the Taylor Wessing real estate team. Leona’s focus is working with capital from Asia and the Middle East that is investing in the UK and Europe. Dr. Alexander Peinze is co-head of Taylor Wessing’s International Real Estate practice and of the International Real Estate, Infrastructure and Energy group. The firm’s Commercial Real Estate practice group specializes in the logistics real estate asset class with excellent cross-practice networking and integration in real estate tax law and energy law.

Legal advisors Elite Partners Capital
Taylor Wessing Germany: Dr. Alexander Peinze (Lead, Partner), Dr. Daniel Graske (Salary Partner), Kris Breudel (Senior Associate), Christoph Scheibner (Professional Support Lawyer) all Real Estate Hamburg; Jennifer Maiworm (Salary Partner, Finance, Hamburg); Dr. Jan Riebeling (Partner, Corpo-rate/M&A, Hamburg); Julian Ludwig (Salary Partner, Tax, Frankfurt); Hannes Tutt (Salary Partner, Re-newables, Hamburg); Dr. Christian Ertel (Senior Associate, Energy, Munich)

Taylor Wessing Netherlands: Zabdaj Pollen (Partner, Corporate/M&A), Niki Eldering (Associate, Cor-porate/M&A), Elmar Dijkstra (Partner, Notary), Jeslin Brunsting (Senior Associate, Notary's Office)

Christiaan Oudemans (Partner at van Olde, Tax, Amsterdam)