Tuesday, 8 September 2026
Vengrove has acquired a 6,026 sqm logistics property in Wuppertal for €14.7 million through its VRE Evergreen Logistics Partners investment vehicle, marking its second transaction in Germany’s Rhine-Ruhr region in two months.
The acquisition follows the €23.1 million purchase of a 16,571 sqm logistics facility in Leverkusen in July. Together, the two transactions represent €37.8 million of investment across 22,597 sqm of logistics space.
The Wuppertal property was completed in 2015 and is occupied by Deutsche Post Immobilien. It operates as an automated parcel distribution facility serving Wuppertal and the surrounding region. The cross-dock building provides 59 loading doors, electric vehicle charging infrastructure and rooftop photovoltaic installations.
Located around 25 km east of Düsseldorf, the property has access to the A1 motorway and connections to the A43, A46 and A535, placing it within the wider Rhine-Ruhr industrial and distribution network.
“The Rhine-Ruhr region typifies VREELP’s locational thesis, which is to target dense metropolitan areas with excellent transport links and a structural shortage of modern space. Adding an asset of this physical quality, with the durability of income this occupier provides, is accretive to the portfolio. Germany remains a high-conviction market for us and we expect to remain active there,” said Korbinian Kirchner, Partner and Head of Germany at Vengrove.
VRE Evergreen Logistics Partners invests in light industrial and logistics properties in metropolitan areas, major distribution corridors and locations close to transport infrastructure across Germany, France and the UK.
“We have completed two acquisitions in the Rhine-Ruhr in under two months, which reflects both our conviction in the German market and the strength of our local team on the ground in Germany. Wuppertal is a modern, highly specified facility let to a strong occupier with a long-term operational requirement, in a submarket where supply is genuinely constrained. It is precisely the kind of asset VREELP’s strategy is built around,” said Will Hunting, Partner and Head of European Acquisitions at Vengrove.
The latest transaction continues Vengrove’s expansion in Germany and increases its exposure to logistics properties occupied by established businesses in densely populated metropolitan markets.
Simmons & Simmons, Gleeds and Nova Ambiente advised Vengrove on the acquisition, while CBRE brokered the transaction.
