With the acquisition of properties in the TOP logistics regions Berlin and Bremen, the investment specialist for logistics properties, LIP Invest has now acquired their third and fourth properties within three months. LIP Invest secured both properties through off market transactions. The investment volume amounts to approximately €25m.
Julia Olivia Oechsler
The around 10,000m² logistics property in the south of Berlin has been leased to a large listed company for 10 years. Further details about the transaction are to remain confidential. The approximately 12,000m² property in Achim near Bremen has been leased long-term to the Nagel-Group, based in Versmold, a pan-European specialist in food logistics. The vendor is a traditional company from Hannover, bauwo Grundsstücksgesellschaft, which deals in office space, hotels, logistics, retail and residential property development.
Both the south of Berlin and Bremen are seen as the strongest logistics regions in Germany. Proximity to the capital city with excellent infrastructure links has successfully helped establish the south of Berlin as a gateway forthe distribution of goods for various logistics sectors. Bremen has long been considered as an international logistics hub in the industry. Due to its geographical location, the vicinity of ports, and very good infrastructure, Bremen has long played a key role in national and international movement of goods.
“We are very pleased to have been able to acquire these high-qualityproperties in absolute TOP locations on attractive terms in a competitive market,” says Sebastian Betz, Head of Acquisition & Asset Management at LIP.
Further objects being assessed for acquisition
LIP has exclusively secured further objects to a value of €150m and is assessing these for acquisition. The investors are predominantly institutional investors, including insurance companies, superannuation schemes and pensionfunds, as well as banks and savings banks, fund of fund managers and international investment banks.
“I am especially happy that, alongside new investors, existing investors in funds I have initiated in the past have once again placed their confidence in us”, says Bodo Hollung, Partner and Managing Director of LIP. “This shows usthat our exclusive focus on logistics properties, completely independent of capital investors or brokers, is the right way for LIP,” continues Hollung.
Through us, investments can be made in club deals, fund vehicles under Luxembourg law or German Property Special AIF. A core fund with Germany-specific allocation is currently in equity placement. Our closeness to the market means investors can regularly benefit from a strong and stable pipeline that allows swift capital calls.