IN Brief:
- Chancerygate has opened a Berlin office and appointed Jonas Hitz as head of Germany.
- The business is targeting core-plus and value-add investment opportunities alongside development sites in major German cities.
- The move extends Chancerygate’s European urban logistics platform into a market where modern multi-let space remains constrained in key locations.
Chancerygate has opened a Berlin office and appointed Jonas Hitz as head of Germany, extending its urban logistics expansion into what is likely to be one of the most closely watched markets in Europe this year. Hitz joins from BEOS and will be responsible for identifying both development sites and income-producing investment opportunities across Germany.
The strategy is expected to concentrate first on the country’s largest urban centres, including Berlin, Hamburg, Cologne, Frankfurt, Stuttgart, Düsseldorf, and Munich. That focus makes sense. Germany remains one of Europe’s deepest occupier markets for urban and light industrial space, but it is also structurally undersupplied in many city regions, particularly for higher-specification, ESG-compliant multi-let stock close to dense population centres.
For Chancerygate, the move turns a stated European growth plan into a clearer on-the-ground operating model. The company already has offices across Ireland, Portugal, and Spain, and has said it is looking to expand investment activity across major European urban markets. Its Berlin address is now listed on the business’s contact pages, underlining that Germany is no longer a watching brief.
The market logic is straightforward. Occupiers want smaller-format logistics and industrial space in strong urban locations, and investors are still interested in granular multi-let exposure where pricing and rental growth can justify the risk. Germany offers scale, but it also demands local execution. Chancerygate’s decision to put leadership on the ground in Berlin suggests it is serious about building pipeline rather than merely scanning the market from London or Madrid.
