HANSAINVEST Real Assets GmbH has announced its plans to invest up to €200-300m into logistics sector by the end of 2019 as a part of the company's growth strategy. The company will concentrate on the core markets of Germany, Benelux and the United Kingdom. Selected properties may also be acquired in France, the Nordics, Spain and Poland.
The company is also expanding its property team with the appointment of Philipp Middendorp as the new Head of Logistics Acquisitions. Middendorp has extensive experience in the sector both in Germany and internationally. To date, he has negotiated acquisitions and disposals with a volume of around €300m.
Nicholas Brinckmann, Chairman of the Management of HANSAINVEST Real Assets GmbH, comments: “I am delighted that we have strengthened our know-how in this area with Mr Middendorp. We intend to double our logistics exposure with the planned acquisitions. Logistics properties are attractive because they continue to generate significantly higher yields than core office and retail properties. The spread is currently still around 150 basis points.”
Philipp Middendorp, Head of Logistics Acquisitions at HANSAINVEST Real Assets, explains: “In terms of risk classes, we intend to acquire core and core-plus properties. We will also pay close attention to the potential alternative uses of the properties. We intend to acquire primarily traditional logistics assets, including warehouse, distribution and transhipment properties. Alongside portfolio properties, we will also focus on acquiring development projects. There is a huge demand for logistics properties among national and international market participants. The only way to continue to realise attractive investments in this environment is with a broad market approach.”