HIH Invest has acquired a logistics property development in Kronau near Karlsruhe. The new-build property is being developed and sold by a project company of the Machmeier Group (INWO) based in Sandhausen. The asset, which occupies about 43,550m² of floor area is already pre-let in its entirety to POCO Einrichtungsmärkte GmbH and the V&V Dabelstein Group. Slated for completion by the end of 2022, the new-build complex is designed for alternative use options and for multi-user occupancy and will be certified under the DGNB Gold sustainability standard. The logistics property was acquired directly from the developer via an off-market transaction on behalf of a single mandate.
The scheme is located directly next to the A5 motorway between Heidelberg and Mannheim, just north of Karlsruhe, the second-largest city in Baden-Wurttemberg. The region is one of the most competitive and wealthiest anywhere in the European Union. The robust local services and trading sector, the growth in e-commerce logistics, and the keen demand generated by manufacturing businesses fuel the need for more logistics real estate.
“Investments in the logistics segment have continued to gain in appeal in the wake of the COVID-19 pandemic. Stable growth forecasts point to e-commerce as a sustainable driver for the domestic and international logistics industry, and to a growing demand for new logistics facilities. At the same time, customer requirements for goods deliveries keep increasing – especially with respect to delivery times. This will further raise the pressure to find space,” said Lars Bothe, Head of Transaction Management Logistics at HIH Invest Real Estate.
