RLI Investors has acquired a property on the Aachener Kreuz industrial estate in Wurselen, North Rhine-Westphalia, for its RLI Logistics Fund-Germany II. The asset, located in the German-Belgian-Netherlands border triangle at the heart of the Meuse-Rhine Euregio, benefits from superb accessibility. The vendor is Deutsche Logistik Holding. The purchase price was not disclosed.
Built in 1994 and substantially extended in 2018, the asset provides ca. 50,000m² of logistics space. One of the two long-term tenants is Lidl Stiftung & Co, which occupies 26,000m². The other tenant is "bike components", an online retailer of cycle parts and accessories. Founded in 1997, the company occupies around 24,000m² in the property and employs over 140 staff.
Wolfgang Holzberger, Managing Director of RLI, commented: "This is the fourth property we have been able to acquire in the sought-after and well-established Cologne Lowland logistics region. Thanks to our transaction strength, we have built up considerable trust in the market. This is only one of the reasons why RLI is one of the most active investors in the German logistics property investment market in recent years. Five more properties are already in the acquisition process."
