terryn industrial outdoor storage site near a autobahn
terryn industrial outdoor storage site near a autobahn
terryn industrial outdoor storage site near a autobahn
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Terryn unlocks the potential of industrial outdoor storage in Europe.

Terryn unlocks the potential of industrial outdoor storage in Europe.

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TERRYN Logo
Terryn Logo T

02

About us

02

About us

Terryn is an investment platform launched by URBZ Capital and NW1 Partners, specializing in Industrial Outdoor Storage (IOS).
Terryn is an investment platform launched by URBZ Capital and NW1 Partners, specializing in Industrial Outdoor Storage (IOS).
Terryn is an investment platform launched by URBZ Capital and NW1 Partners, specializing in Industrial Outdoor Storage (IOS).

We acquire, develop, and operate strategically located IOS sites that fulfill critical operational functions for companies in the logistics, transportation, construction, industrial, infrastructure, utilities and energy sectors.

The German market plays an important role in our pan-European investment strategy. Terryn invests specifically in a real estate segment that is gaining increasing importance in Europe.

With institutional investment expertise, active asset management and a long-term perspective, we are building a portfolio of strategically located, mission-critical locations in urban areas as well as established industrial and logistics clusters, where infrastructure connectivity and future value-creation potential are key investment considerations.

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What is IOS

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What is IOS

Industrial Outdoor Storage (IOS) refers to functional industrial sites with a large proportion of open space.

Goods, vehicles, machinery, and materials are stored, maintained, transshipped, and prepared for their next use at these sites. IOS also provides operational land for essential utility, energy and public-service functions, including electricity and gas networks, waste management and telecommunications. These sites support the day-to-day operations of companies in logistics, transportation, construction, industry, energy and other essential services.

Due to their specific location, infrastructure connections and operational use, IOS sites are often not easily relocated or replaced, particularly where they support mission-critical activities. The critical nature of these functions can create resilient demand and strong long-term relevance for well-located sites.

Well-connected sites in urban locations and established industrial and logistics clusters are limited. Sites with direct or efficient access to critical transport and energy infrastructure are particularly scarce. Planning regulations and competing uses further restrict the available options.

At the same time, structural trends including more resilient supply chains, e-commerce growth, infrastructure investment, energy transition, electrification and reindustrialization are creating additional demand for flexible operational space. The diverse range of potential users further supports demand across different sectors and use cases.

This combination of operational relevance, limited supply and diversified demand makes IOS an attractive real estate segment over the longer term.

Goods, vehicles, machinery, and materials are stored, maintained, transshipped, and prepared for their next use at these sites. IOS also provides operational land for essential utility, energy and public-service functions, including electricity and gas networks, waste management and telecommunications. These sites support the day-to-day operations of companies in logistics, transportation, construction, industry, energy and other essential services.

Due to their specific location, infrastructure connections and operational use, IOS sites are often not easily relocated or replaced, particularly where they support mission-critical activities. The critical nature of these functions can create resilient demand and strong long-term relevance for well-located sites.

Well-connected sites in urban locations and established industrial and logistics clusters are limited. Sites with direct or efficient access to critical transport and energy infrastructure are particularly scarce. Planning regulations and competing uses further restrict the available options.

At the same time, structural trends including more resilient supply chains, e-commerce growth, infrastructure investment, energy transition, electrification and reindustrialization are creating additional demand for flexible operational space. The diverse range of potential users further supports demand across different sectors and use cases.

This combination of operational relevance, limited supply and diversified demand makes IOS an attractive real estate segment over the longer term.

Terryn brandmark
Men Red BG
Men Red BG

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Our Approach

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Our Approach

Terryn pursues a clear, investment-driven approach. From identifying suitable locations to active management, we act as a long-term-oriented investor and owner.
Terryn pursues a clear, investment-driven approach. From identifying suitable locations to active management, we act as a long-term-oriented investor and owner.
Terryn pursues a clear, investment-driven approach. From identifying suitable locations to active management, we act as a long-term-oriented investor and owner.

In industrial outdoor storage, value is not solely derived from the existing buildings, but primarily from the functionality of the entire site. Therefore, we consider each location from the perspective of its current and potential operational use: from site layout and development to adaptability to different users and future requirements.

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01
Identify

We evaluate not only the location, tenant customers, and contractual structure, but also the functional quality of the space. This includes access roads and internal traffic routes, usable open spaces, surface condition, infrastructure connections, as well as the planning regulations and development potential of a site.

02
Acquire

Terryn acquires IOS sites through direct purchases or sale-and-leaseback transactions. Flexible transaction structures and clear decision-making processes ensure reliable implementation. We consider the operational requirements of the users as well as the

long-term prospects of the site.

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Develop

Depending on the location, we unlock potential through optimized site layouts and transport routes, more efficient use of existing open spaces, and adaptation to different or future user requirements. This can also include the expansion of electricity, charging, and other energy infrastructure. In this way, we increase the operational efficiency, flexibility, and future viability of the sites.

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Investment Profile

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Investment Profile

Terryn is seeking strategically located, mission-critical industrial outdoor storage locations that meet the key operational requirements of logistics, transportation, construction, and industry.
Terryn is seeking strategically located, mission-critical industrial outdoor storage locations that meet the key operational requirements of logistics, transportation, construction, and industry.
Terryn is seeking strategically located, mission-critical industrial outdoor storage locations that meet the key operational requirements of logistics, transportation, construction, and industry.

The focus is on scarce urban infill sites and established industrial and logistics clusters, with a preference for assets offering identifiable valuecreation optionality.

Typically < 30%

building density

Typically < 30%

building density

€5M–€50M+

per property

€5M–€50M+

per property

10,000–100,000 m²+

Flexible outdoor space for logistics, storage, mobility and infrastructure.

10,000–100,000 m²+

Flexible outdoor space for logistics, storage, mobility and infrastructure.

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Geographical
focus.

Continental Europe-wide with an initial focus on Germany.

Locations
sought.

Crucial factors are a strategic location, efficient transport links, and a strong user base. Sites near highways, ports, railway terminals, and other major transport hubs are preferred. This combination of operational relevance, limited supply and diversified demand makes IOS an attractive real estate segment over the longer term.

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Target
properties.

The acquisition profile includes, among other things, cross-dock buildings, truck and trailer parking areas, workshop and maintenance sites, depots and construction yards, rental equipment and construction machinery storage facilities, as well as container, trailer, raw material and laydown areas. It also includes sites supporting automotive and mobility uses, EV charging and clean-energy applications, and operational requirements of utility, telecommunications and public-service providers. The building footprint is flexible; the focus is on open space, accessibility and operational functionality.

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Investment and

transaction profile.

Terryn considers direct acquisitions and sale-and-leaseback opportunities across a range of lease profiles, from vacant sites and short-term leases to longer-term income-producing assets. Both asset and share deals are possible.

Tenant and

contract structure.

Suitable properties include single-tenant and multi-tenant properties with users from the logistics, transportation, construction, infrastructure, automotive, energy, utilities and telecommunications sectors. Both short-term and long-term leases can be considered.

Does it fit our profile?

If you have a strategically located IOS property that matches our investment criteria, we’d like to hear about it.

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06

Portfolio

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Portfolio

Where strategy meets location.
Where strategy meets location.
Where strategy meets location.

From its base in Germany, Terryn is building a portfolio of strategically located IOS sites in urban areas and established industrial and logistics clusters. Each site is selected and actively managed based on its operational relevance, location, flexible usage options, and long-term value-creation potential. The following properties illustrate our investment approach in practice.

Portfolio at a glance

Terryn’s portfolio comprises five strategically located IOS and logistics sites with a combined site area of approximately 220,000 m². The properties combine stable, income-producing locations with assets offering clearly identifiable opportunities for active development.

Have a property that could strengthen our portfolio? We’re always looking for strategically located IOS opportunities.

Portfolio at a glance

Terryn’s portfolio comprises five strategically located IOS and logistics sites with a combined site area of approximately 220,000 m². The properties combine stable, income-producing locations with assets offering clearly identifiable opportunities for active development.

Have a property that could strengthen our portfolio? We’re always looking for strategically located IOS opportunities.

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Team

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Team

Terryn

Peter Wenzel

Managing Director

Peter is responsible for the operational management of Terryn in Germany. He has approximately 20 years of experience in the institutional real estate sector. Most recently, he led M7 Real Estate Germany GmbH for over four years. Prior to that, he worked for RLI Investors for over five years, ultimately as Managing Director. His previous experience also includes positions at PGIM Real Estate and GLL Real Estate Partners.

Terryn

Peter Wenzel

Managing Director

Peter is responsible for the operational management of Terryn in Germany. He has approximately 20 years of experience in the institutional real estate sector. Most recently, he led M7 Real Estate Germany GmbH for over four years. Prior to that, he worked for RLI Investors for over five years, ultimately as Managing Director. His previous experience also includes positions at PGIM Real Estate and GLL Real Estate Partners.

Terryn

Peter Wenzel

Managing Director

Peter is responsible for the operational management of Terryn in Germany. He has approximately 20 years of experience in the institutional real estate sector. Most recently, he led M7 Real Estate Germany GmbH for over four years. Prior to that, he worked for RLI Investors for over five years, ultimately as Managing Director. His previous experience also includes positions at PGIM Real Estate and GLL Real Estate Partners.

Meet our team.


Meet our board members.

URBZ Capital

Ali Nassiri

Co-Founder & Managing Partner

Ali co-founded URBZ Capital in late 2020 and is responsible for the firm’s overall strategy, investments, operations and growth. He has over 20 years of experience in European industrial and logistics real estate, including 11 years at Prologis. Since 2017, he has been part of the Prologis European Executive Committee, overseeing European acquisitions and subsequently two European Open-End Funds (OEFs). Prior to URBZ, Ali was Head of European Fund Management at Prologis, responsible for a strategic capital portfolio of approximately €20 billion with over 100 global LPs. Previously, he worked at ING REIM (CBRE IM), responsible for Continental European logistics acquisitions. Ali holds a Master’s degree in Business Administration from VU University Amsterdam and a Bachelor’s degree in International Management from the Amsterdam Business School, graduating cum laude and with distinction, respectively.

URBZ Capital

Ali Nassiri

Co-Founder & Managing Partner

Ali co-founded URBZ Capital in late 2020 and is responsible for the firm’s overall strategy, investments, operations and growth. He has over 20 years of experience in European industrial and logistics real estate, including 11 years at Prologis. Since 2017, he has been part of the Prologis European Executive Committee, overseeing European acquisitions and subsequently two European Open-End Funds (OEFs). Prior to URBZ, Ali was Head of European Fund Management at Prologis, responsible for a strategic capital portfolio of approximately €20 billion with over 100 global LPs. Previously, he worked at ING REIM (CBRE IM), responsible for Continental European logistics acquisitions. Ali holds a Master’s degree in Business Administration from VU University Amsterdam and a Bachelor’s degree in International Management from the Amsterdam Business School, graduating cum laude and with distinction, respectively.

URBZ Capital

Ali Nassiri

Co-Founder & Managing Partner

Ali co-founded URBZ Capital in late 2020 and is responsible for the firm’s overall strategy, investments, operations and growth. He has over 20 years of experience in European industrial and logistics real estate, including 11 years at Prologis. Since 2017, he has been part of the Prologis European Executive Committee, overseeing European acquisitions and subsequently two European Open-End Funds (OEFs). Prior to URBZ, Ali was Head of European Fund Management at Prologis, responsible for a strategic capital portfolio of approximately €20 billion with over 100 global LPs. Previously, he worked at ING REIM (CBRE IM), responsible for Continental European logistics acquisitions. Ali holds a Master’s degree in Business Administration from VU University Amsterdam and a Bachelor’s degree in International Management from the Amsterdam Business School, graduating cum laude and with distinction, respectively.

URBZ Capital

Bram Verhoeven

Co-Founder & Managing Partner

Bram co-founded URBZ Capital in late 2020 and is responsible for the firm’s overall strategy, investments, operations and growth. He has over 20 years of experience in industrial and logistics real estate, including almost 15 years at Prologis. Since 2017, Bram has been part of the European Executive Committee, holding senior leadership roles including Head of the Benelux and Head of Northern Europe, with responsibility for operations across the Benelux, Germany and the Nordics and a portfolio valued at nearly €7 billion. Over his career, Bram has built a strong track record in asset management and logistics real estate development. He holds a Master of Science in Real Estate Development and Portfolio Management from the Technical University of Eindhoven and a Bachelor’s degree in Building Business from Tilburg Business School.

URBZ Capital

Bram Verhoeven

Co-Founder & Managing Partner

Bram co-founded URBZ Capital in late 2020 and is responsible for the firm’s overall strategy, investments, operations and growth. He has over 20 years of experience in industrial and logistics real estate, including almost 15 years at Prologis. Since 2017, Bram has been part of the European Executive Committee, holding senior leadership roles including Head of the Benelux and Head of Northern Europe, with responsibility for operations across the Benelux, Germany and the Nordics and a portfolio valued at nearly €7 billion. Over his career, Bram has built a strong track record in asset management and logistics real estate development. He holds a Master of Science in Real Estate Development and Portfolio Management from the Technical University of Eindhoven and a Bachelor’s degree in Building Business from Tilburg Business School.

URBZ Capital

Bram Verhoeven

Co-Founder & Managing Partner

Bram co-founded URBZ Capital in late 2020 and is responsible for the firm’s overall strategy, investments, operations and growth. He has over 20 years of experience in industrial and logistics real estate, including almost 15 years at Prologis. Since 2017, Bram has been part of the European Executive Committee, holding senior leadership roles including Head of the Benelux and Head of Northern Europe, with responsibility for operations across the Benelux, Germany and the Nordics and a portfolio valued at nearly €7 billion. Over his career, Bram has built a strong track record in asset management and logistics real estate development. He holds a Master of Science in Real Estate Development and Portfolio Management from the Technical University of Eindhoven and a Bachelor’s degree in Building Business from Tilburg Business School.

NW1 Partners

David Boyle

Co-Founder & Managing Partner

David co-founded NW1 Partners and leads the firm's investment strategy from London. He has more than 20 years of experience in institutional real estate investing. Most recently, he led Morgan Stanley's AIP Real Estate team as Managing Director and Chief Investment Officer for over a decade, deploying more than $1.2 billion into coinvestments, secondaries and primary fund investments. Prior to Morgan Stanley, he held senior positions at Brookfield Asset Management, APG Investments US, and Deutsche Bank. David holds a Bachelor of Science from Cornell University and a Master of Public Affairs from Columbia University.

NW1 Partners

David Boyle

Co-Founder & Managing Partner

David co-founded NW1 Partners and leads the firm's investment strategy from London. He has more than 20 years of experience in institutional real estate investing. Most recently, he led Morgan Stanley's AIP Real Estate team as Managing Director and Chief Investment Officer for over a decade, deploying more than $1.2 billion into coinvestments, secondaries and primary fund investments. Prior to Morgan Stanley, he held senior positions at Brookfield Asset Management, APG Investments US, and Deutsche Bank. David holds a Bachelor of Science from Cornell University and a Master of Public Affairs from Columbia University.

NW1 Partners

Brad Beanblossom

Co-Founder & Managing Partner

Brad co-founded NW1 Partners and leads the firm's industrial outdoor storage strategy. He spent 15 years at Sam Zell's Equity International, ultimately as Senior Vice President overseeing the investments team, contributing to 22 real estate operating companies across multiple asset classes and geographies and helping deploy more than $900 million of growth capital through joint ventures and commingled funds. He also served on EI's investment committee and several portfolio company boards. Brad holds a B.A. in History from DePauw University and an M.B.A. in Finance from the University of San Francisco.

NW1 Partners

Brad Beanblossom

Co-Founder & Managing Partner

Brad co-founded NW1 Partners and leads the firm's industrial outdoor storage strategy. He spent 15 years at Sam Zell's Equity International, ultimately as Senior Vice President overseeing the investments team, contributing to 22 real estate operating companies across multiple asset classes and geographies and helping deploy more than $900 million of growth capital through joint ventures and commingled funds. He also served on EI's investment committee and several portfolio company boards. Brad holds a B.A. in History from DePauw University and an M.B.A. in Finance from the University of San Francisco.

URBZ Capital

Floris Bune

Partner

Floris is a Partner at URBZ Capital, responsible for development and ESG, and brings nearly 20 years of experience in logistics real estate. He has a strong track record of managing complex development projects and integrating sustainable practices into real estate operations, ensuring projects meet high development standards while adhering to rigorous ESG criteria. Prior to URBZ, he served as Head of Development at pan-European real estate companies including Delin and Mirastar, further building his industry knowledge and leadership experience.

URBZ Capital

Floris Bune

Partner

Floris is a Partner at URBZ Capital, responsible for development and ESG, and brings nearly 20 years of experience in logistics real estate. He has a strong track record of managing complex development projects and integrating sustainable practices into real estate operations, ensuring projects meet high development standards while adhering to rigorous ESG criteria. Prior to URBZ, he served as Head of Development at pan-European real estate companies including Delin and Mirastar, further building his industry knowledge and leadership experience.

NW1 Partners

Muhamed Sharafali

Partner

Muhamed is a Partner at NW1 Partners, based in London. Before joining the firm, he worked at Delancey Real Estate Asset Management, NW1's strategic partner, focusing on investment acquisitions across PRS, offices, ground rents and corporate platforms, and helped create Get Living and launch Delancey's residential fund. Prior to Delancey, he spent over seven years at Willis Towers Watson as an Investment Consultant, advising pension funds, insurers, sovereign wealth funds and family offices on strategy and risk management. Muhamed holds a degree from the London School of Economics and postgraduate degrees from Imperial College London and the University of Reading, and is a Fellow of the Institute of Actuaries.

NW1 Partners

Muhamed Sharafali

Partner

Muhamed is a Partner at NW1 Partners, based in London. Before joining the firm, he worked at Delancey Real Estate Asset Management, NW1's strategic partner, focusing on investment acquisitions across PRS, offices, ground rents and corporate platforms, and helped create Get Living and launch Delancey's residential fund. Prior to Delancey, he spent over seven years at Willis Towers Watson as an Investment Consultant, advising pension funds, insurers, sovereign wealth funds and family offices on strategy and risk management. Muhamed holds a degree from the London School of Economics and postgraduate degrees from Imperial College London and the University of Reading, and is a Fellow of the Institute of Actuaries.

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News

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News

A placeholder news headline goes here.

This is placeholder copy for a future Terryn news article. It provides enough space for a concise introduction to a recent acquisition, portfolio milestone, strategic partnership or company update. The final text can outline the background of the announcement, highlight its relevance to Terryn’s investment strategy and explain the next steps. Further details may include information about the location, operational profile and long-term potential of the property, together with comments from the Terryn team and its partners. Additional information and imagery will be added before publication.

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Hier steht eine News Blindtext Headline.

A placeholder news headline goes here.

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Auch hier steht aktuell nur Blindtext. Floris is a Partner at URBZ Capital, responsible for development and ESG, and brings nearly 20 years of experience in logistics real estate. He has a strong track record of managing complex development projects and integrating sustainable practices into real estate operations, ensuring projects meet high development standards while adhering to rigorous ESG criteria.Prior to URBZ, he served as Head of Development at pan-European real estate companies including Delin and Mirastar, further building his industry knowledge and leadership experience.

This is placeholder copy for a future Terryn news article. It provides enough space for a concise introduction to a recent acquisition, portfolio milestone, strategic partnership or company update. The final text can outline the background of the announcement, highlight its relevance to Terryn’s investment strategy and explain the next steps. Further details may include information about the location, operational profile and long-term potential of the property, together with comments from the Terryn team and its partners. Additional information and imagery will be added before publication.

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Contact