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.
