HIH Invest acquires Leipzig industrial estate (DE)

HIH Invest acquires Leipzig industrial estate (DE)

HIH Invest just acquired a light industrial property in the town of Kabelsketal in the German state of Sachsen-Anhalt. The lettable area of 10,419m² is located at a logistics centre between the cities of Leipzig and Halle/Saale and has direct access to the motorway and railway networks while also being in the immediate vicinity of Leipzig/Halle Airport. Completed in 2019, the property was now sold by the company Malcolm 22 Immobilien GmbH. It is tenant-occupied by AES Airplane Equipment & Services, a maintenance business for aircraft components and air cargo containers that is certified in the EU, US, and UK, and that directly benefits from the proximity of this location to the airport. The lease agreement, concluded for a ten-year term, will expire in 2033. The acquisition was undertaken on behalf of “HIH Deutschland+ Core Logistik Invest,” an open-ended special AIF.


“Logistics represent the lifeline of a functioning economy and are coping splendidly with the current challenges. But demand continues to exceed the supply in modern facilities by far. In the Leipzig/Halle region, which has evolved into a logistics hotspot in recent years, there is a shortage in light industrial facilities above all,” commented Maximilian Tappert, Head of Transaction Management Logistics at HIH Invest.


The lettable area breaks down into 1,800m² of warehouse space, 263m² of office and social areas and 8,356m² of paved outdoor area. The latter fact implies potential for infill densification of the premises with flexible use options. The logistics property offers diverse delivery access options and comes with a 24-hour operating permit.


Robert Stadie, fund manager at HIH Invest, added: “Among the most compelling aspects of the property in Kabelsketal are the quality of location and the building design, which meets the needs not just of occupiers from the aviation sector but also of those in the packaging and mechanical engineering industries.”

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