Tuesday, 13 January 2026
Sonar Real Estate GmbH acted as transaction manager on the buyer’s side in the acquisition of two logistics properties in Germany, collectively referred to as “2Up”. The assets, offering a combined rental area of approximately 69,000 sq m, are located in Munich-Schwaig and Donauwörth. They were sold by Wealthcap Immobilienfonds Deutschland 30 GmbH & Co. KG to a special fund advised by Starwood Capital Group and administered by IntReal. Both properties are fully let.
Following completion of the transaction, Sonar will also assume responsibility for the ongoing asset management of the two sites.
The larger of the assets is located in Donauwörth and comprises around 37,000 sq m of logistics space. Its main tenant is Airbus Helicopters. The facility is closely linked to the adjacent production site, which employs more than 7,500 people, and functions as an integrated logistics centre supporting manufacturing operations.
The second property, with approximately 32,000 sq m of rental space, is situated in Schwaig, close to Munich Airport. The principal tenant is ITG Group, which uses the site both as a fulfilment centre with a strong e-commerce focus and as its German administrative headquarters.
Nick Puschkasch, Managing Partner at Sonar Real Estate, said that investor interest in well-located logistics assets remains steady, particularly where properties are fully leased and linked to long-term structural demand. He added that Sonar’s appointment as both transaction and asset manager reflects the role of integrated advisory and management services across the investment lifecycle.
The transaction targets logistics assets serving sectors such as aerospace and e-commerce, where demand is supported by established production and distribution networks. According to the parties involved, the locations, tenant profiles and integration into regional supply chains were key considerations.
Legal advice to the seller was provided by DLA Piper. The buyer was advised legally by Greenberg Traurig and on tax matters by Deloitte. Technical due diligence was carried out by TA Europe, while BNP Paribas Real Estate acted as broker.
