The logistics centre is due to be completed in December 2019 and handed over to the new tenants, Coca-Cola European Partners Deutschland GmbH (CCEP DE).
Julia Olivia Oechsler
Coca-Cola will operate a handling center for their “Vio” brand of soft drinks (mineral water, juices and organic lemonades) at thesite in Bad Fallingbostel. From here, approx. 250 customers from the beverage wholesale and retail sector across Germany, from Neumunster to Leipzig, Cologne to Stuttgart, as well as the drinks producer’s other sites, can be serviceddirectly.
The development is being sold by bauwo Grundstücksgesellschaft,a traditional company from Hannover which specialises in offices, hotels, logistics, industrial and residential real estate.
Throughout the acquisition process LIP has receivedlegal counsel form Eversheds Sutherland, tax guidance from Mazars and technicalsupport from Gleeds.
Modern distribution real estate for the retail sectorin Deltaland
Conveniently located where the A27 highway to Bremen meets the A7 to Hamburg, this object is suitable for widespread distribution. The location is also ideal for export logistics. The modern development is fully equipped with LED lighting and can be split into up to three sections as needed. With a large support grid, various access points via loading bridges as well as ground-level loading bays, a ceiling height of 10,5m and a floor load capacity of 7,5 tonnes, this property is appropriate for a range of logistics activitiesand has a high potential for alternative uses.
New logistics real estate fund successfully launched
LIP is successfully continuing its fund business with institutional investors. “The launch of our second logistics real estate fund has been received with great interest from institutional investors. After thefirst closing we can move into the investment phase with over €150 million equity capital”, according to Bodo Hollung, Partner and Managing Director at LIP. The “LIP Real Estate Investment Fund – Logistics Germany II”has been able to secure three further objects in addition to the Coca-Cola property for around €400 million. As part of the Core Strategy, LIP focusses on high quality logistics real estate in established or up-and-coming locations.