Warburg-HIH Invest grows its German logistics portfolio

Warburg-HIH Invest grows its German logistics portfolio

Warburg-HIH Invest has acquired two properties occupied on long-term leases from Complemus Real Estate. The logistics property located in Oerlenbach near Schweinfurt, which is used as a distribution centre, has a gross lettable area of 7,300m² and several hundred parking spots for cars and vans. Its completion is scheduled for summer 2021. In addition, Warburg-HIH Invest bought a car park near Wuppertal on behalf of a closed-end investment limited partnership. With its roughly 10,700m² of gross lettable area, the three-storey building provides over 300 van parking spots. It is expected to be completed by the end of 2021.


“With the last-mile distribution centre near Schweinfurt, we further enhanced the geographical diversification of the fund. We managed to secure the asset as early as April of last year in conjunction with an off-market portfolio acquisition. We are glad about this opportunity to add a new-build logistics asset with great alternative use potential and occupied by a tenant with a long-term horizon to the fund”, said Andreas Strey, Co-Head of Fund Management and Head of Logistics at Warburg-HIH Invest.


The multi-storey car park in Wuppertal is located in immediate proximity to the last-mile distribution centre in Wuppertal that was acquired for the “Warburg-HIH Deutschland Logistik Invest” fund in spring of 2020. The properties in Schweinfurt and Wuppertal both benefit from convenient transport links because they are located close to transport nodes. They are part of the tenant’s last-mile concept.


Lars Bothe, Senior Transaction Manager Germany at Warburg-HIH Invest, commented: “A growing number of major e-commerce retailers are setting up their own logistics platforms in order to ensure the swift delivery of their parcels. For the distribution centre and the last-mile delivery business, it is often indispensable to have your own car park if you need to keep a sufficient number of vehicles on hand. This makes multi-storey car parks a diversification option with great potential and significant yield upside for a given property portfolio.”


Matthias Dötsch, Managing Partner of COMPLEMUS Real Estate in Aachen, added: “As an investment developer, we specialise in the development of flexible logistics real estate for prestigious occupiers. It is pleasure to be working with Warburg-HIH Invest once again on the occasion of this transaction.”

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