ICG Real Estate (“ICGRE”), the real estate division of global alternative asset manager, ICG, today announced that it has sold a prime urban logistics facility in Obersendling, central Munich, to leading international investment firm Global Gate Capital for approximately €22m.
ICGRE acquired the asset in April 2023 as part of a larger pan-European portfolio comprising 18 sites fully let to Alliance Healthcare Deutschland, Germany’s market-leading pharmaceutical wholesaler, on a long-term, triple-net, index-linked lease.
The asset serves as Alliance Healthcare’s primary distribution hub for the city, located just seven kilometres from Munich city centre, with a weighted average lease term of 12 years.
Krysto Nikolic, Global Head of ICG Real Estate, commented:
Through this disposal we have been able to deliver an attractive outcome for our clients while meeting ICGRE’s strategic objective of exiting select assets within our portfolio. The property’s strong income profile and prime location enabled the sale of this core asset to a high-quality long-term investor.
Maximilian Link, Head of Germany at Global Gate Capital, commented:
In just c. 15 months, we have assembled a >€100 million-plus portfolio of six high-quality German logistics assets. Our latest acquisition is the standout – a truly special, mission-critical inner-city Munich location with a prime tenant on a long, triple-net lease. It is the ideal final piece for the GLIP portfolio and reflects exactly the quality of income investment we set out to deliver for our investors.
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ICG received advice from PTXRE. Global Gate received legal advice from Friedrich Graf von Westphalen & Partner, technical advice from Albrings + Müller AG and tax advice from Altavis. Volksbank Ostbayern provided the acquisition loan for the deal.
For further information please contact:
ICG
Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
[email protected]
Global Gate Capital
About ICG
ICG (LSE: ICG) is a global alternative asset manager with $126bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.
*As at 31 March 2026.
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