RLI Investors secure logistics scheme in Rhine-Main region (DE)

RLI Investors secure logistics scheme in Rhine-Main region (DE)

RLI Investors, acting for the open-ended special real estate AIF "RLI Logistics Fund-Germany II", has acquired a development project in Buttelborn, Hesse, in an off-market transaction. The ca. 9,420m² logistics building is slated for completion in October 2019. The vendor is MultiPark Buttelborn, a project corporation of F&F LandInvest. The purchase price was not disclosed.

 

The new building will be constructed on a 15,600m² site in the "Darmstadter Strasse Sud" commercial area in Buttelborn. The location has a direct connection to the A67 motorway and the Darmstädter Kreuz (A5/A672) intersection. The short-distance transport routes enable prompt delivery of goods to almost all Central Europe, France, the Czech Republic and Poland.

 

Around half the space is let on a long lease to WeissBioTech. Most of the remaining space is already under negotiation, with the rest still available for potential tenants. The property holds DGNB 'Gold' sustainability certification.

 

"The favourable geographic location provides optimal conditions for regional, national and international clients in all sectors", commented Wolfgang Holzberger, Managing Director and Transaction Manager at RLI, on the latest acquisition.  "In the past, we have acquired properties on a partly speculative basis and have swiftly achieved full occupancy."

Related News