RLI Investors, acting for the open-end special real estate AIF RLI Logistics Fund–Germany II, has acquired a logistics property in Ludwigsfelde, the top logistics region in southern Berlin. Situated in the "Am Birkengrund" industrial park, the asset, constructed in 1994 and extended in 1997, provides a lettable area of 16,000m² of logistics and office space. RLI has acquired the property subject to partial vacancy. The current tenant is Tara Palettenhandel- und Reparaturdienst. The asset benefits from very good transport infrastructure and is only three minutes' drive from the A10 motorway. The purchase price was not disclosed.
Katrin Poos, Managing Director of RLI, commented: "We view the acquisition of the property with a vacancy as an excellent investment for the fund, not least because it is in the location with the highest percentage rental growth in the logistics sector in Germany. The additional opportunity of offering smaller-scale solutions in southern Berlin distinguishes us from other space on offer in the region, as well as providing optimal accommodation for e-commerce."
