RLI Investors, acting on behalf of its Logistics Fund, has acquired an industrial property situated c.20 kilometres west of Darmstadt for €36m.
Completed in 2000, the building stands on a ca. 58,650 m² site and provides a total area of ca. 35,700 m². Around 31,000 m² of the space serves as logistics accommodation, with c. 3,900 m² being occupied by offices and staff rooms. The sole tenant of the property is an internationally active logistics company.
Katrin Poos, managing director of RLI Investors: "The property is a very good complement to the fund portfolio. Situated in one of the most efficient logistics regions in Germany, with a 24-hour operation and good adaptability, the property is suitable for a wide range of potential occupiers. The quality of the building is particularly noteworthy. For example, even in the construction phase, the halls were already adapted to current requirements for the storage of hazardous goods."
Commercial agent Joachimsthaler advised RLI on the transaction. Görg Rechtsanwalte carried out the legal and tax due diligence.