{"id":3898,"date":"2020-03-16T12:38:17","date_gmt":"2020-03-16T11:38:17","guid":{"rendered":"https:\/\/www.gieag.de\/?p=3898"},"modified":"2023-12-11T15:53:31","modified_gmt":"2023-12-11T14:53:31","slug":"gieag-sells-logistics-property-in-erfurt-to-aew-invest-gmbh","status":"publish","type":"post","link":"https:\/\/www.gieag.de\/en\/gieag-sells-logistics-property-in-erfurt-to-aew-invest-gmbh\/","title":{"rendered":"GIEAG sells logistics property in Erfurt to AEW Invest GmbH"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]The nationwide project developer GIEAG Immobilien AG (GIEAG) has sold the logistics property &#8220;Erfurt II &#8211; Last Mile Distribution Center&#8221; to a German special fund managed by AEW Invest GmbH. The closing of the transaction will take place in March 2020. The new building, constructed by GIEAG in 2019, was let long-term to Amazon Deutschland SI Transport GmbH upon completion.<\/p>\n<p>The logistics property at Joseph-Meyer-Strasse 5 in Erfurt is located on a 40,000 square metre plot and offers 24,200 square metres of modern rental space for logistics, office and mezzanine uses. In addition, the project development has a parking area with almost 52,000 square metres.<\/p>\n<p>Philipp Pferschy, CEO of GIEAG, comments: &#8220;With the sale of &#8216;Erfurt II&#8217; we are successfully concluding the project development in Erfurt. Modern conceptualisation in the development of properties and our excellent team of experts have contributed to this success.&#8221;<\/p>\n<p>On the seller side, Jones LaSalle acted in an advisory capacity and the law firm Werner, Luger &amp; Partner provided legal advice. The buyer side was advised by the law firm Greenberg Traurig Germany LLP, TA Europe and Nova Ambiente.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]The nationwide project developer GIEAG Immobilien AG (GIEAG) has sold the logistics property &#8220;Erfurt II &#8211; Last Mile Distribution Center&#8221; to a German special fund managed by AEW Invest GmbH. The closing of the transaction will take place in March 2020. The new building, constructed by GIEAG in 2019, was let long-term to Amazon Deutschland [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[93],"tags":[],"class_list":["post-3898","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GIEAG sells logistics property in Erfurt to AEW Invest GmbH - GIEAG<\/title>\n<meta name=\"description\" content=\"The nationwide project developer GIEAG Immobilien AG (GIEAG) has sold the logistics property &quot;Erfurt II - Last Mile Distribution Center&quot; to a German\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gieag.de\/en\/gieag-sells-logistics-property-in-erfurt-to-aew-invest-gmbh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GIEAG sells logistics property in Erfurt to AEW Invest GmbH - 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