LIP Invest acquires Bremen logistics centre for €30m (DE)

LIP Invest acquires Bremen logistics asset for €30m (DE)

LIP Invest has acquired its sixth property for the LIP Logistics Property Fund launched mid-2018, purchasing a new build in Bremen, Germany. The investment volume is worth around €30m. Built on a 58,000 m² plot, the logistics centre comprises c.20,500m² of warehouse space, split into three cooling zones of two, six and 18 degrees respectively, 800m² office space and 2,500m² external floor space. The object has been leased long-term by REWE. The temperature-controlled warehouse is to be used as a fresh produce centre to store fruit and vegetables. The new location serves to free up capacity in the existing logistics centres in Lehrte and Stelle, as well as increasing the quality of service to local REWE stores through shortened transport routes.

 

The state-of-the-art property is free-standing and accessible from two sides, there are 40 loading bays with loading bridges as well as numerous ground-level bays, it has a ceiling height of 11 metres and LED lighting. The object is situated in Sottrum’s A1 Industrial Park, 20km east of the Bremen junction off the motorway. This is an ideal location for both the regional distribution of goods as it lies directly on the Hansa Line of the Hamburg – Bremen – Ruhrgebiet transport route, as well as national and international delivery.

 

“After such a good start to our fund, we now have a strongly increasing demand from institutional investors. We anticipate that the fund will be fully placed with €175m equity capital by the end of April, which will be completely invested by Summer 2019,” said Bodo Hollung, Partner and Managing Director of LIP.

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