Logistics property investor and developer Helios Europe, in partnership with EPISO, the real estate fund co-advised by Tristan Capital Partners and AEW Europe, has let a 25,300 m² built to suit logistics center at Direct Link Park Leipzig, to German 3PL Nagel Group.
Part of the JV's Link Logistics Project, this transaction follows just weeks after the signing of 15,000 m² to European logistics specialist Dachser at the Air Link Park project in Berlin.
The purpose built center at Direct Link Park Leipzig, will provide 25,300 m² of grade-A logistics and office space. Nagel Group, the German-owned, pan-European logistics company will use the highly specified temperature-controlled building to service its clients in the food logistics sector.
A ground breaking ceremony, held on the March 15, kicked off the start of the project with completion of the Nagel Group facility scheduled for October 2012.
Direct Link Park, Leipzig, which will provide over 220,000 m² of logistics space, is one of three proposed schemes in the Link Logistics Project launched last month by the opportunistic fund EPISO and Helios Europe, with a combined project end value of over 250 million.
The other sites are Air Link Park in Berlin which is adjacent to the new Berlin Brandenburg Airport and Inter Link Park, Ingolstadt, close to the Audi HQ and A9 motorway in Bavaria. In total, the three schemes will provide around 350,000 m² of grade-A space for Europe's leading logistics companies.
The land for the Link Logistics Project was purchased fully serviced with full planning consent in autumn 2011 and the first pre-let was secured in December 2011 at Air Link Park, Berlin, with 15,000 m² taken by European logistics specialist Dachser GmbH & Co. KG.
German real estate broker Logivest introduced Nagel Group.
Source: Bellier Financial