LIP Invest, leading investment manager for Logistics Real Estate in Germany, buys two Hermes distribution centres in Hürth, Wegelinstraße 1 and in Schwülper, Waller See 16.
Both objects complement the portfolio of the progressing open Real Estate Special AIF „LIP Real Estate Investment Fund – Logistics Germany III“ (LIP III), which is being managed by the Service KVG INTREAL.
Hermes is using the buildings, which were constructed in 2008 and 2009, for over ten years now. While the location in Hürth benefits from its inner-city location in the densely populated region around Cologne, the location in Schwülper is particularly suitable for supplying the cities of Braunschweig, Salzgitter, Peine and Wolfsburg due to its immediate freeway connection.
The objects can be approached from several sides. The rented space amounts to a total of circa 15.500 square meters. 7.500 square meters are used as hall and office space, whereas the remaining 8.000 square meters are comprising paved outdoor areas. In addition to spacious delivery zones, the tenant can resort to up to 80 swap trailer or parking spaces for trucks and sprinters.
„The property in Hürth is already equipped with a photovoltaic system. As part of our ESG fund strategy we are also planning to use the roofage in Schwülper to generate renewable energies“, explains Bodo Hollung, Partner and Managing Director of LIP Invest.
The two Real Estate properties are sold by project developer and investor Casaplan Seeliger from Saarbrücken. In the off-market transaction LIP received legal support from SNP Schlawien as part of its due diligence, tax support from WTS and technical support from Gleeds. The ESG analysis was assisted from LIP partner EnviroSustain.
„Both objects benefit from e-commerce, which grew by approximately 25 percent in 2020. Hermes delivered 126 million items in the last Chistmas trade alone and was thus able to record an increase of also around 25 percent compared to the same period last year. Real Estate for parcel delivery on the so-called ‚last mile‘ will become more and more important in the future. We will therefore continue to be on the lookout for suitable properties for our broadly diversified and developing LIP III portfolio“, says Sebastian Betz, Head of Fund Management and Authorized Signatory at LIP.