Warburg-HIH Invest has acquired a logistics property at the “GVZ Grossbeeren” freight centre south of Berlin for its open-ended special AIF, “Warburg-HIH Deutschland Logistik Invest.” The property at Markische Allee 4-10 is fully occupied by the tenant Ingram Micro CFS Fulfillment GmbH. The logistics complex was raised in 2010/2011 and has a gross lettable area of more than 28,900m². In addition to about 27,300m² of logistics space, the premises include 1,300m² of office space and 168 car parking spots. Roof-mounted photovoltaic systems permit an environmentally friendly operation. The logistics property was sold by an institutional property fund managed by DWS. The transaction took the form of a share deal. It was agreed not to disclose the selling price.
Lars Bothe, Senior Transaction Manager Germany at Warburg-HIH Invest, said: “The acquisition significantly enhances the fund’s diversification in terms of geography and tenant-industry mix. The interest shown by national and international investors in Berlin’s logistics real estate market remains as strong as ever, and was further boosted by the COVID-19 pandemic. We do not expect to see the action on the strained market to ease in the coming quarters, because the demand for core assets like this one persists. Which makes it all the more rewarding to have managed to acquire this logistics property for our fund.”
The property benefits from convenient access to the public transportation network, direct road access to Berlin via the B101 federal route, and is located close to the “Ludwigsfelde-Ost” motorway interchange on the A10 orbital motorway.
Andreas Strey, Co-Head of Fund Management and Head of Logistics at Warburg-HIH Invest, commented on the acquisition: “With its more than 80 resident companies, GVZ Grossbeeren is one of the largest freight centres in Europe. Due to its strategically convenient location, it enables logistics occupiers to cover more than one business line. Be it as a regional distribution node or as a centre for last-mile or last-hour distribution. The expansive catchment areas of this site encourage a wide variety of possible tenant profiles. Add to this the building design, which has a high alternative use potential because it can be divided and would accommodate up to five separate warehouse areas. This makes it suitable for multi-tenant occupancy, too.”
