German Firm to Acquire Interest in Australian Cold Storage Warehouse
DWS, a German asset manager, acquired a 50 percent interest in a refrigerated distribution center in Queensland, Australia. The purpose-built facility consists of a single-story cold storage distribution center, cross docked facility and offices over two levels.
The other 50 percent of ownership will be retained by Frasers Logistics & Industrial Trust. This is DWS’s fourth acquisition in cold storage facilities in Australia.