Montano Real Estate and Carlyle lease 13,090 square metres to Volkswagen Original Teile Logistik GmbH & Co. KG in Munich

• Attractive logistics property in the east of Munich let long-term to high-quality tenant

Munich, 4 July 2023 - Montano Real Estate GmbH ("Montano", ), the a highly specialised partner for investments in commercial real estate, and Carlyle have leased an attractive logistics property with 13,090 square metres of warehouse space to Volkswagen subsidiary Volkswagen Original Teile Logistik GmbH & Co. KG for a period of six years. The property in Wasserburger Landstraße in the east of Munich is from the logistics portfolio managed jointly with Carlyle and has a unique location in the Munich logistics market with a straight-line connection to the city centre of Munich. The tenant Volkswagen Original Teile Logistik GmbH & Co. KG also benefits from the proximity to its own Southern Bavaria distribution centre.

As part of the partnership agreed in September 2021, Montano and the globally active investment manager Carlyle jointly acquire logistics properties. These were logistics properties in locations close to cities in Germany. Montano is responsible for investment and asset management within the framework of this partnership.

"Wasserburger Landstraße, with its unique logistics location in Munich, plays a central role in our portfolio. We are therefore very pleased to be able to keep Volkswagen Original Teile Logistik, a reliable tenant, at the location for the long term. We plan to invest sustainably in the modernisation of the property to make it fit for the future," says Senior Asset Manager Tobias Reichhart.

"The proximity to our headquarters at the Schatzbogen in Munich's east is ideal for us. We were able to incorporate our wishes into the planned modernisations of the property by Montano. The entire working environment will be significantly upgraded. This means that we will continue to offer our employees attractive workplaces in the future," Jörg Helfmann, Branch Manager of the Southern Bavaria Sales Centre, is pleased to say.

About Montano Real Estate
Montano is the highly specialized, like-minded partner for commercial real estate. We act consistently entrepreneurial and simplify complexity. From offices in Munich, Frankfurt and Berlin, we explore the market. We recognise opportunities quickly and exploit them boldly. For more than 10 years, we have been developing investment products for German and international institutional investors, consistently pursuing the goals of sustainability, yield and value enhancement.

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Montano Real Estate GmbH
Lenbachplatz 5
80333 Munich, Germany
Phone 80 0
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