Pictet Alternative Advisors and Scantum DW acquire another logistics asset in Kerpen – Launch of new platform
The asset is strategically located within the Rhine-Ruhr metropolitan region, which offers immediate access to major motorways (A4, A1, A61) and nearby Cologne. Kerpen is also close to Cologne Bonn Airport and major ports like Rotterdam and Antwerp.
The existing warehouse at Hüttenstraße 122–124 will continue to be used by LyondellBasell until the end of the year. Following the departure of the current tenants, the demolition of the existing property is planned to make way for a state-of-the-art logistics new-build.
The project is scheduled for completion in early 2028. The new building will be upgraded to improve its sustainability credentials and meet the EG40 energy efficiency standard, so the new asset will meet one of the highest energy efficiency standards in Germany. This is thanks to the installation of solar panels and heat pump technology, while the asset will also benefit from modern WHG-compliant sealing.
Flexible, small-scale units will also enable the property to optimally meet the growing demands of urban logistics.
With this acquisition, the joint venture is further expanding its platform strategy, which now comprises two warehouses totalling 35,000 square metres at completion. In 2025, Pictet and Scantum jointly acquired a property in Hochheim am Main. This property has already been fully let to bathroom manufacturer Nextrend, a wholly owned subsidiary of Duravit, two years before completion.
Simon Geldmann, Pictet Alternative Advisors, comments: “With the acquisition in Kerpen, we are securing another asset in a highly attractive location in one of Germany’s most important logistics regions. The project is consistent with our strategy of creating modern, sustainable, and highly flexible logistics spaces that meet the requirements of urban supply chains.”
Alexander Polsak, Scantum DW, adds: “The combination of an excellent location, development potential, and our clear commitment to sustainability makes this acquisition particularly attractive. With our new platform, we are also creating a scalable structure to specifically invest in future-proof logistics properties.”
The joint venture between Pictet and Scantum was advised by GSK (legal), Noerr (tax), Colliers (commercial), as well as x-Projekt and Wessling (technical).
The seller, LyondellBasell, was advised by CBRE.
Note to Editors
About Pictet Group and Pictet Alternative Advisors
The Pictet Group is a partnership of owner-managers, with principles of succession and transmission of ownership that have remained unchanged since foundation in 1805. It offers only wealth management, asset management, alternative investment solutions and related asset services. The Group does not engage in investment banking, nor does it extend commercial loans.
With CHF 757 (EUR 813, GBP 710, USD 955) billion in assets under management or custody at 31 December 2025, Pictet is today one of the leading Europe-based independent wealth and asset managers for private clients and institutional investors.
Founded and headquartered in Geneva, Switzerland, Pictet today employs around 5,500 people. It has 31 offices worldwide, in Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, Lisbon, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New York, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich.
Pictet Alternative Advisors (PAA) is an independent unit within the Pictet Group that manages investments in hedge funds, private equity, private debt and real estate assets for both private and institutional clients. Pictet employs around 200 alternative investment specialists and manages USD 54 billion in alternative strategies, with USD 31 billion in private equity, USD 18 billion in hedge funds, USD 5 billion in real estate and USD 1 in private debt (as of 31 December 2025).
About Scantum DW
Scantum DW is an independent investment and asset manager specializing in logistics, light industrial and last-mile properties. Scantum was founded in 2022 by Alexander Polsak and Vincent Schneider. In 2023, DW Real Estate acquired a stake in the company and the company was renamed Scantum DW. The management of Scantum DW has a track record with a transaction volume of over 15 billion euros and brings extensive experience in real estate investments.
The company currently manages a real estate portfolio of around €350 million.
