LIP Invest buys logistics property in the Munich metropolitan region

LIP Invest buys logistics property in the Munich metropolitan region

LIP Invest, leading investment manager for logistics real estate in Germany, is acquiring a newly built, fully rented logistics property for its logistics fund in Mühldorf, Bürgermeister-Boch-Straße, Upper Bavaria.

Fiona Nitschke

20

.

May

2021

The property covers a total of 21,500 square meters. Of the total rental area, 11,300 square meters, the hall area takes up 10,300 square meters and another 1,000 square meters are mezzanine or office and social areas. The building can be divided into four sections and used flexibly. The delivery areas for trucks are located on the west side. 16 dock levellers and four ground-level entrances with high-speed doors guarantee a rapid handling of goods.

The property is rented to Rosenberger Hochfrequenztechnik GmbH & Co. KG on a long-term basis. The company, which is part of the Rosenberger Group, is one of the world’s leading manufactures of connection solutions in the fields of high-frequency, high-voltage and fiber-optic technologies. The products are used in various industries such as telecommunications, automotive electronics, data technology or medical electronics. The company is still family owned. Within 60 years, a small locksmith’s shop has developed into an international company with numerous subsidiaries, sales offices and production facilities in Europe, North and South America and Asia. Over 11,800 employees in development, production and distribution generated sales of around 1.3 billion euros in 2020.

LIP was able to secure the logistics property early on during the construction phase. The seller is GreenRock, an owner-managed company based in Traunstein and Munich. As an established project developer, GreenRock stands for sustainable and innovative real estate concepts with a focus on ecology and quality.

During the acquisition, LIP was supported on the technical level by Mocuntia, legally by LPA, in tax matters by WTS and as part of the ESG due diligence by ES EnviroSustain.

Mühldorf is located directly on the newly built A94 motorway and connects the economically strong regions of Munich and Upper Bavaria with the TOP logistics regions of Linz and Vienna in Austria.

“We had our eyes on the region even before the completion of the A94. With China’s entry into the ports of Piraeus and Venice, more and more delivery traffic is coming to Germany via the new Mediterranean Silk Road. The Bavarian regions along the A92, A94, A3 and A8 will be of increasing importance for logisticians with international goods traffic as well as with eastern and southern European distribution areas. In addition, the location is attractive due to the high demand from the strong regional economy”, says Bodo Hollung, partner and managing director of LIP Invest.

New building with a positive CO2 footprint

The logistics property was completed in autumn 2020 and received for its high quality a DGNB Gold certification for sustainable construction. The quality was assessed in terms of the building’s eco-balance, life cycle costs, marketability and support for biodiversity at the site. In addition, it was developed according to the KfW-55 standard. Therefore, the logistics real estate only needs 55 percent of the primary energy of comparable objects. The low transmission heat loss ensures a sustainable energy supply.

The building already showed negative CO2 emissions when it was commissioned. Compared to the average building stock of logistics properties in Germany, the property in Mühldorf has a lower CO2 footprint of 84 kilograms/square meters per year. Calculated on the total rental area, this means an annual saving about 865 tons of CO2.

That is due to the large photovoltaic system: With 3,754 installed modules, it generates a total output of 1.2 megawatts. With the completion of the building, around 750 kilowatts of peak power were installed on the roof in a first construction phase, which guarantees the tenant’s own electricity needs. In a second step, further 500 kilowatts will be installed. Thanks to the renewable energy generated this way, the building can already be operated climate neutrally this year and thus makes a positive contribution on the energy transition.

The system produces significantly more energy than would be necessary for its own operation. Therefore, the excess electricity can be fed into the public grid: “The installed photovoltaic system supplies around 400 households with electricity and also feeds the charging stations for electric cars”, explains Dr. Franz Hauck, managing director of GreenRock.

The LED step lightning in the hall as well as the LED lightning in the office can thus be operated in an energy efficient manner. In addition, the solar power flows into the heating system via panel radiators and into the hot water supply for the office and social areas via an electric boiler.

A planting plan is designed for the outdoor area, which is currently being implemented. Only native plants are used to support the local flora and fauna. Real hops, for example, is planned as a facade greening at the entrances.

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