Noerr advises Peakside on acquisition of logistics site in Nuremberg metropolitan area

A team from our firm led by Alexander Jänecke and Christoph Hons has advised investment manager Peakside Capital Advisors AG (“Peakside”) on its acquisition of a logistics site in Burgbernheim in the Nuremberg metropolitan area from a private seller.

The purchase was completed for the Peakside Real Estate Fund IV.

Peakside is planning to modernise the 85,000 square metre site with the 9,300 square metre multi-tenant existing building in line with current ESG standards and develop two further logistics properties on the site with a total of more than 26,000 square metres of lettable space.

Peakside expects construction to start at the beginning of the third quarter. The refurbishment is expected to be completed in spring 2024 and the new buildings at the end of 2024.

Existing tenants include the BayWa Group, which specialises in agriculture, energy and construction.

Advisors to Peakside Capital Advisors AG: Noerr

Team lead:
Alexander Jänecke (partner), Christoph Hons (associated partner, Frankfurt)

Real Estate Investment
Philipp König (associate, Frankfurt)

Mergers & Acquisitions
Evelin Moini (senior associate, Frankfurt)

Regulatory & Governmental Affairs
Joachim Rung (senior associate, Munich)