Cain Completes 59,188 Sq M Industrial Real Estate Development in Erfurt, Germany
Cain has reached practical completion on a 59,188 square meter (approximately 637,000 square foot) speculative logistics facility in Erfurt, Germany, the firm announced March 4, 2026.
Industrial Real Estate Development Details
The Erfurt asset, classified as an industrial and warehouse real estate property, was delivered on a speculative basis, meaning no tenant had been announced at the time of practical completion. No transaction price, financing terms, or cap rate information was disclosed in connection with the delivery. Cain did not provide a specific street address for the facility in its announcement.
Cain's Real Estate Development Position
Cain's completion of the Erfurt asset represents the firm's continued activity in European logistics real estate development. No additional details regarding the project's capitalization structure, equity partners, or leasing pipeline were disclosed at the time of the announcement. The speculative nature of the delivery places Cain in a position to market the facility to prospective tenants.
Cain did not disclose a leasing timeline or target tenant profile for the Erfurt facility in its announcement.