The transaction was the third successful collaboration between Fiege and McDermott as to the development and placement of logistics properties in recent months. With around 19,000 employees at more than 150 locations in 14 countries, Fiege is active around the globe. The Fiege Group, headquartered in Greven, Westphalia, is one of the leading logistics service providers in Europe. 160,000 sqm the property currently has a usable area of just under 80,000 sqm by 2022 a 18,000 sqm building section will be added by Fiege, which the company will also lease on a long-term basis. The “Spectrum” property is located in the south-east of Hamburg. DWS, one of the world’s leading asset managers, acquires “Spectrum” for the real estate funds “grundbesitz europa” and “grundbesitz Fokus Deutschland”. The transaction involves a forward sale and leaseback with Fiege to remain a long-term tenant. Therefore, Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.Düsseldorf, J– McDermott Will & Emery advises Fiege Group on its sale of the “Spectrum” (Fiege Mega Center) logistics property in Hamburg to the DWS Group.
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