LIP Invest, leading investment manager for logistics real estate in Germany, buys the newly built parcel distribution center in Weyhe, Rieder Straße 4-6, for one of its logistics real estate funds administered on the platform of service KVG INTREAL.
Julia Olivia Oechsler
The state-of-the-art logistics depot is an important part of a €300m infrastructure programme with which Hermes is comprehensively expanding its national logistics network. In the new 5,000 square metre distribution centre, 60 employees can process around 40,000 parcels a day. Hermes is investing €19m in the expansion, technology and pioneering infrastructure and is leasing the property on a long-term basis.
The seller is the Bremen-based project developer PEPER& SÖHNE, which specializes in the development, leasing and management of commercial real estate. LIP was able to secure the object, constructed by general contractors Goldbeck, early in the construction phase.
LIP Invest received legal advice from Zirngibl, tax advice from WTS and technical support from CBRE throughout the acquisition process. The real estate consulting firm Robert C. Spies accompanied the transaction on the seller's side.
“E-commerce has seen double-digit growth for years in Germany. The restrictions on brick-and-mortar retailers as a result of the corona pandemic have led to more and more people turning to online shopping. Growth is set to double in 2020 compared to the previous years. This sustained growth of e-commerce brings with it an increased demand for suitable logistics real estate. In addition, customers expectations for fast and flexible delivery are increasing all the time. We based our fund strategy on this years ago. With this investment in Weyhe, we have acquired a centrally located, high performance distribution centre that meets our requirements of location, quality, sustainability”, says Bodo Hollung, Partner and Managing Director of LIP Invest.
The new development lies just 12km from Bremen and is ideal for the delivery of parcels to Bremen and the surrounding areas of Diepholz and Verden and all the way to the border at Oldenburg. The short distance to Bremen city centre, the A1 and the B6 allow fast and optimal parcel delivery.
The resource-saving build and low environmental impact earned the new construction Gold DGNB certification. Sustainability played an important role not only in the build, but also in the further usage of the property. The building is currently supplied with heat from the neighbouring bio gas plant and Hermes is planning to carry out large-scale parcel deliveries with a fleet of e-vehicles from 2021. Ten charging stations were installed during construction and a further 20 can be installed at any time.
A permit to operate on the site 24/7 allows a three-shift working model. The object, accessible from four sides, is equipped with 25 ramp gates for trucks as well as 42 gates for Sprinters.