LIP Invest buys Noerpel logistics centre in Giengen

LIP Invest buys Noerpel logistics centre in Giengen

LIP Invest, leading provider of special real estate funds in the asset class of logistics real estate in Germany, acquires a new logistics building in Giengen an der Brenz, Am Tannenwald 1, for one of its funds.

Fiona Nitschke

16

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Dec

2022

The recently constructed hall was realised by Panattoni, a project developer active throughout Europe. Goldbeck International acted as general contractor. LIP was supported in the off-market deal legally by Ashurst LLP, tax-wise by Ebner Stolz and in the ESG due diligence by ES EnviroSustain. Mocuntia took over the technical due diligence as well as the construction controlling. Following the ceremonial ground-breaking at the end of April 2022, the site has now been officially opened in the presence of Mayor Dieter Henle, Judith Noerpel-Schneider and LIP Managing Director Sebastian Betz.

S. Betz, J. Noerpel-Schneider, D. Henle, F. Kirchgeßner

The logistics property with a hall area of around 40,000 square metres was developed on a total site area of 74,000 square metres. In addition, 5,000 square metres of storage mezzanine and 1,500 square metres of office and social space are available. The logistics hall can be divided into 4 units and is suitable for the storage of a wide variety of goods with the WHG-compliant foil and fire water retention. The hall height is 12.20 metres with a floor load capacity of 7 tonnes per square metre.

Access is via 38 loading gates and 4 ground-level access gates. On the site, which is secured by a sliding gate system, 12 truck and 17 bicycle parking spaces are available. A separate parking garage with 5 levels offers 180 car parking spaces as well as charging stations for electric cars. A green roof with a 10- to 12-centimetre-thick substrate layer is being developed on the roof surface of the logistics property. It serves as a settlement opportunity for native insects and birds, while at the same time it can act as a natural air conditioning system and bind CO2. DGNB Gold certification is being sought for the new building.

Rented to family-run company C.E. Noerpel

The logistics service provider C.E. Noerpel leases the new logistics building on a long-term basis. The long-established transport and logistics company with its headquarters in nearby Ulm provides production supply, goods distribution, spare parts logistics and returns management, among other things. At the new location in Giengen, Noerpel will offer various logistics services, e.g. for the medical industry, the games industry or the pet food industry.

The distribution centre is located two kilometres away from the A7 motorway and the motorway junction to the A8 is also nearby. Thus, the location offers a good supra-regional connection to neighbouring cities such as Ulm, Stuttgart or Munich. Both Ulm and Augsburg have transhipment facilities for container traffic between rail and road. Stuttgart Airport can be used for handling air freight.

"With its direct location near the A7 motorway, Giengen offers good supraregional connections. This has already attracted well-known companies such as Amazon and Tesla, which have settled in the immediate vicinity of our purchased logistics property. Neighbouring cities such as Ulm, Stuttgart or Munich can be reached quickly from the location. In combination with the many transhipment possibilities, this makes Giengen an attractive starting point for various logistics services. We are very pleased that we have been able to acquire another new building in a favourable location with Noerpel as a long-term tenant for our logistics portfolio," explains Bodo Hollung, partner and managing director of LIP Invest.

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