Global Gate buys two DHL logistics centres from Dietz for €17 million

Global Gate is strengthening its German logistics portfolio with two modern cross-dock properties in Bremen and Erfurt. The sites, which are leased to DHL, were acquired from Dietz AG for around €17 million and are part of the German Logistics Income Programme launched in 2025, which pursues a Core+ strategy. This brings the GLIP portfolio to five properties.

The two sites in Bremen and Erfurt span over 55,000 square meters, featuring lettable space of more than 11,000 square meters with over 90 loading docks, LED lighting and ample parking. The locations serve as DHL Freight’s key supra-regional freight distribution centres with excellent motorway highway connections.

This acquisition marks the fourth and fifth investment for Global Gate’s German Logistics Income Programme (GLIP) which was launched in 2025. It follows the closing of a modern cross-docking facility in Salzgitter/Hannover in April 2025, a prime warehouse facility in Groß-Gerau/Frankfurt in June 2025 and a key logistics facility in Maisach/Munich in October 2025. GLIP is a Core+ strategy focused on building a fully stabilized, high-quality, income-generating portfolio of ESG-compliant logistics and industrial assets. The programme targets well-specified properties in strategic locations across Germany, leased to strong covenants with medium term reversionary potential in structurally supported sectors.

Maximilian Link, Head of Germany and Director of EMP at Global Gate commented: The addition of two further stabilized assets in Bremen and Erfurt marks another important step forward for our GLIP programme. They fit seamlessly into GLIP’s investment strategy and further strengthen the quality and diversification of the portfolio. We are well on track in building out a sizeable, high-quality logistics portfolio, with additional assets in South Germany currently under exclusivity.

Joram Szerkowski, Head of European Real Estate at Global Gate, added: “This acquisition further strengthens Germany as a core pillar of our European strategy and underscores the continued growth of Global Gate’s logistics platform. It reflects our strong conviction in the German logistics market, where current market fundamentals provide an attractive entry point.”

Global Gate received legal advice from Friedrich Graf von Westphalen & Partner, technical advice from Albrings + Müller AG, tax advice from Altavis, and financing advice from Oceans & Company. DZ Hyp provided the acquisition loan for the deal. Knight Frank was the broker.