Oxenwood Real Estate, the UK and European real estate investment management firm has sold a core logistics property located in Neuss, a city located west of Düsseldorf’s city border to Ofi Invest Real Estate, the real estate branch of Ofi Invest, the 5th largest asset management group in France. The sale price was not disclosed.

The asset was speculatively constructed by Oxenwood and let before practical completion in 2022. The property offers modern Grade A specifications over c. 12,000 sqm of lettable space and is awarded with a DGNB level Gold certificate.

It is fully let to a leading food retailer on a long-term basis and the property serves as a strategic hub for its online grocery distribution to the wider Düsseldorf area, ensuring efficient delivery to end users and supporting last mile logistics operations. The building also offers good growth potential in terms of rent, considering its high-quality spaces and its excellent location.

Stewart Little, CEO of Oxenwood Real Estate, said: “This transaction underscores the enduring value of high-quality assets in prime locations. Neuss, as a key logistics hub, highlights the strength of the German market, where developing a well-located, modern asset with a strong tenant covenant provides secure liquidity for an exit.”