A German institutional investor acquired LogPark logistics property in Leipzig from DEMIRE Deutsche Mittelstand Real Estate AG for approximately €120 million.

DEMIRE Deutsche Mittelstand Real Estate AG is a Germany-based commercial real estate company. The Company focuses on office, retail and logistics real estate and owns approximately 70 commercial properties with rentable building space in medium-sized cities and locations bordering metropolitan areas across Germany, such as in the Munich, Freiburg, Rostock, Stuttgart, Cologne, Leverkusen, Dusseldorf, Bonn, Wuppertal, Bremen, Hamburg, Berlin, Leipzig and Dresden areas. The core business activities of the Company are the acquisition, the management and the rental of commercial real estate and their further development, for example, through modification, modernization or expansion and active portfolio management.