RLI Investors has acquired a transhipment hub in Neumunster for the portfolio of the RLI Logistics Fund–Germany II. The vendor of the state-of-the-art asset in the off-market transaction is Donaubogen Drei mbH, a company of the Hamburg-based Property Team and Wegner Immobilien. Standing on a 15,000m² site, the property provides around 3,000m² of logistics and office space. It is let to Deutsche Post Immobilien for its occupier DHL Express for a fixed term of 15 years. The parties agreed not to disclose the purchase price.
Built in 2018, the new property replaces the former DHL-Express location in the city, which had become too small because of the massive increase in the volume of shipments in recent years. The transhipment centre is located in Schleswig-Holstein's largest industrial area in Neumunster-Sud, where other logistics and CEP service providers, some of them international, are based.
Glock Liphart Probst advised RLI on legal issues, technical matters were covered by Brand Berger. The sale was brokered by Lutgen Breiholdt. TUV Sud is responsible for property management.
