• E-commerce company Sportstech secures space at Crossbay’s urban logistics warehouse in south Berlin
• The letting represents the largest logistics lease to have been agreed in South Berlin in 2025
• Crossbay currently manages over 180,000 sqm of space in Germany following acquisitions in Munich, Frankfurt, Hamburg, Düsseldorf and Berlin

Crossbay, the urban logistics strategy of pan-European real estate investment manager MARK Capital Management, has successfully leased 14,000 sqm of last-mile logistics space to Sportstech, an e-commerce company specialising in sports equipment. Realogis advised Crossbay on the transaction.

Today’s announcement marks the largest letting event in the south Berlin logistics market this year and is Crossbay’s first leasing milestone following the acquisition of the vacant asset in Q4 2024.

The asset, built in the early 2000s, is strategically located within the GVZ Grossbeeren. It offers loading docks accessible from both sides, ensuring smooth traffic flow for high vehicle frequencies handling incoming and outgoing goods.

Crossbay is currently undertaking an extensive refurbishment programme to convert the former 35,000 sqm single-tenant asset into a multi-let structure. The remaining highly flexible lease areas will meet the demand from occupiers seeking spaces starting from approximately 3,000 sqm.

Crossbay has been investing in Germany since 2021 and currently manages over 180,000 sqm of space following acquisitions in Munich, Frankfurt, Hamburg, Düsseldorf and Berlin on behalf of Crossbay II.

In line with the predecessor fund, Crossbay II’s primary focus is to invest in existing single-user warehouses with potential for sustainability-focused refurbishments and capex programmes, although the vehicle also has a limited allocation to pursue speculative development opportunities.

Trung Nguyen, Vice President, Crossbay, said: “Despite the current challenging market environment, this lease represents further vindication of our strategy to aggregate and modernise existing last-mile assets in gateway cities that are highly attractive to occupiers seeking proximity to major urban locations such as Berlin.”