Warburg-HIH Invest acquires German logistics portfolio

Warburg-HIH Invest acquires German logistics portfolio

Warburg-HIH Invest Real Estate has acquired a portfolio of four new-build logistics warehouses from COMPLEMUS Real Estate that are earmarked for the “Warburg-HIH Deutschland Logistik Invest” open-ended special AIF. Three of the assets are located in the state of North Rhine-Westphalia, while one is located in Rhineland-Palatinate. The portfolio collectively covers a gross lettable area of 33,300m², thereof 25,600m² let to Amazon on a long-term lease of 15 years. The new-build logistics assets represent essential core portfolio components of this logistics real estate fund, which is still going through its investment period. The fund is planned to have a total volume of €500m, the equity capital target being €300n. The purchase price was not disclosed.

 

“This investment in the promising last-mile segment secures assets of new-build quality and alternative use potential for our fund that are occupied by tenants of good covenant strength, such as Amazon,” said Andreas Strey, Senior Fund Manager at Warburg-HIH Invest.

 

Demand for logistics facilities in Germany is permanently strong. The acquisition of this portfolio lets our investors buy into the dynamically growing market for courier, express and parcel services, the so-called CEP market. This industry has been virtually unaffected by the current economic dip and offers secure long-term cash flow returns to our investor,” said Carsten Demmler, Head of Capital Management at Warburg-HIH Invest. “We are currently in talks with logistics developers regarding further acquisitions. This way, we are quickly filling up our property pipeline, which will enable us to meet the demand among our investors via near-term drawdowns.” 

 

Matthias Dotsch and Andreas Preusser, Managing Director of COMPLEMUS Real Estate in Aachen, commented: “We would like to thank Warburg-HIH Real Estate for the trust-based and professional collaboration during this transaction. We serve the demand-side market for logistics real estate with alternative use potential in attractive locations in German conurbations. We succeeded in meeting the sophisticated requirements of our client Amazon, including in regard to location requests and implementation speed.”

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