I Squared Capital has acquired Cella Management Logistik for an undisclosed amount. The transaction transfers full ownership of the logistics development and management firm to the global infrastructure investment manager, marking the completion of a deal that had been under negotiation in recent months.
Cella Management Logistik specializes in developing sustainable modern logistics properties, offering technical development, leasing expertise, and property management services. The company works in collaboration with Warburg Pincus-backed NWP Property and CRE, Inc. Japan, focusing on creating efficient supply chains through the construction and operation of contemporary warehouse and distribution facilities. Its portfolio centers on environmentally conscious design and operational effectiveness for tenants across various industrial sectors.
For I Squared Capital, the acquisition expands its footprint in the European logistics real estate market, a sector that has seen sustained demand due to shifting supply chain patterns. The purchase provides the investment firm with direct operational capabilities in property development and management, rather than relying solely on third-party partners. Cella’s existing relationships with institutional partners such as NWP Property and CRE, Inc. Japan are expected to remain intact, allowing for continuity in ongoing projects.
The strategic rationale lies in combining I Squared Capital’s infrastructure investment expertise with Cella’s specialized knowledge in sustainable logistics construction. The combined entity is positioned to address growing tenant requirements for energy-efficient warehouses that reduce carbon footprints while optimizing distribution networks. Cella’s technical leasing and property management functions will operate under the new ownership, with no immediate changes announced to its current project pipeline or staffing structure.
The acquisition is expected to close following standard regulatory approvals, after which Cella Management Logistik will integrate into I Squared Capital’s broader portfolio of infrastructure assets. The firm’s focus on modern, sustainable logistics properties aligns with long-term trends in e-commerce and regional supply chain resilience, suggesting continued relevance for the combined operations in the coming years.