BC Partners Real Estate Sells Laboratory and R&D Campus in Warstein, Germany

BC Partners Real Estate has exited a fully let laboratory and R&D campus in Warstein, Germany, leased long-term to Infineon Technologies AG, marking its second realization from its debut European real estate fund.
BC Partners Real Estate Sells Laboratory and R&D Campus in Warstein, Germany
BC Partners Real Estate (“BCPRE”) today announces the exit of a laboratory and R&D campus in Warstein, Germany fully let to Infineon Technologies AG (“Infineon”). After the successful disposition of Novartis-let 764 Grand Via de les Corts Catalanes in Barcelona in December, this marks the second successful realisation from BC Partners European Real Estate I (“BCPERE I”).

The transaction – which represents a high-double digit million valuation – comprises the sale of an existing building in Q2 2026 and a newly developed facility upon completion in Q3 2026 to a large US investor. The assets are fully pre-let to Infineon under long-term 25-year, CPI-linked, triple-net leases commencing upon practical completion of the new build development.

The project was developed and managed with the support of GARBE Institutional Capital and Garbe Immobilien-Projekte (together “GARBE”) – with BCPRE providing equity and operational expertise, and GARBE delivering a comprehensive set of services, including sourcing the deal, negotiating the lease agreement and asset and development management to the investment.

Since acquisition in November 2023, BCPRE and GARBE achieved a BREEAM Excellent certification for the existing building, while the new build is targeting the same certification upon delivery, with all pre-requisites successfully completed to date. The new development incorporates timber hybrid construction, rooftop solar panels and electric vehicle charging infrastructure, and is designed to be CO₂-neutral in use, in line with Infineon’s corporate ESG strategy. The development doubles the campus’ total space to approximately 21,000 sqm and supports Infineon’s continued expansion at its mission-critical Warstein site.

Laurian Douin, Partner at BC Partners Real Estate, said: “This transaction is a prime example of our ability to manage complex, large-scale exits while continuing to deliver high-quality, sustainable assets for leading blue-chip occupiers such as Infineon. We were able to take advantage of the new market context and created assets which attracted strong demand from yield-oriented investors due to the project’s exceptional cash-flow profile and delivered strong returns with an earlier than anticipated exit for our LPs.”

Infineon is a DAX40-listed global semiconductor leader with more than 57,000 employees worldwide and a market capitalisation of approximately €55 billion.

BCPRE and GARBE were advised by Freshfields, EY, JLL and BNP Paribas Real Estate.

-ENDS-

About BC Partners Real Estate
BC Partners is a leading investment firm with approximately €35 billion in assets under management across private equity, private debt and real estate strategies. Founded in 1986, BC Partners has played a significant role in the evolution of the European buyout market for nearly four decades.

BC Partners Real Estate, launched in 2018, operates as a fully integrated platform within BC Partners. Its debut fund, BC Partners European Real Estate I (BCPERE I), raised over €900 million and invests across France, Germany, the United Kingdom, Spain and Italy, targeting value-add opportunities across office, industrial, hospitality, living and mixed-use sectors.
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BC Partners
BC Partners
London, United Kingdom
BC Partners is an international investment firm that offers select, focused investment strategies designed to complement each other and create synergies that benefit our investors. Founded in 1986 as one of the first pan-European buy-out investors, BC Partners has grown and evolved into a leading alternative investment firm, investing principally in larger businesses in Europe and North America through its established network of offices in London, Paris, Hamburg, and New York. Our strategic offering now includes a European Real Estate Investment platform and a Credit Investment platform that pursues yield and opportunistic investment opportunities primarily in North America. BC Partners provides a consistent investment approach across its three strategies, utilising rigorous analysis to seek to establish downside protection and identify realistic and meaningful value-add opportunities. Our partnership structure is designed to align the firm’s interests with those of our investors.
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