LIP Invest purchases logistics property near Dresden

LIP Invest purchases logistics property near Dresden

LIP Invest, leading investment manager for logistics real estate in Germany, is acquiring a newly built, fully rented property in Kesselsdorf, Zschoner Ring 16, for one of LIP’s funds.

Fiona Nitschke

11

.

May

2021

The building complex consist of a central office building and two separate halls.

The property covers a total of 27,500 square meters, of which about 9,000 square meters are hall and office space. The generous yard and shunting area takes up 2,500 square meters and offers 24 truck and 25 car parking spaces. The delivery can be handled via twelve dock levellers, which are equipped with power connections for trucks and semi-trailers with thermal build-up, and additionally via four ground-level sectional doors.

With its entire fencing and sliding gate system, the site complies with the highest security standards and can be completely bypassed by truck for a quick goods handling. The building is equipped with high quality automatic LED lightning control and an automatic sprinkler and fire alarm system, which enables extensive use of the halls.

To generate renewable energies, LIP plans to install a photovoltaic system this year.

Traditional company Hanitzsch rents for over 10 years

The entire building complex is rented to the traditional family business Hanitzsch from Kesselsdorf. The existing headquarter is directly adjacent to the newly build distribution property. From here, Hanitzsch will conduct transshipment and order picking for a well-known drugstore chain as well as contract logistics services for an automotive supplier and an e-commerce company.

Off-market transaction

LIP was able to secure the logistics property in an off-market deal. The seller and project developer is the Elbe Invest from Dresden, who worked closely with regional companies during the construction.

LIP received legal support for the acquisition from the business law firm Görg, tax support from WTS, technical support from Mocuntia and, as part of the ESG analysis, from ES EnviroSustain.

Easily accessible location in the Dresden economic region

The new building is located directly nearby the A17, which connects Dresden with Prague, and barely 10 kilometres from the city centre Dresden. Furthermore, Leipzig can be reached quickly via the A14, Berlin via the A13 as well as Chemnitz and Zwickau towards Nuremberg via the A4 in a southern direction and the large logistics hubs Breslau and Katowice in Poland in an eastern direction.

“The logistics location Dresden benefits from a wide variety of sectors from industry and high technology and is an important centre for the production of semiconductors. With its infrastructure of motorways in all directions, an airport, a trimodal freight centre and as a rail hub for freight transport, Dresden is becoming increasingly important for both regional and pan-European distribution”, says Bodo Hollung, partner and managing director of LIP Invest.

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