Deutsche Hypothekenbank is financing the purchase of four logistics properties in Lower Saxony, North Rhine-Westphalia and Brandenburg for a real estate fund of LIP Invest GmbH. The financing volume totals EUR 34.5 million and will be made available over a period of ten years.
The logistics centres are located in Braunschweig, Achim, Remscheid and Ludwigsfelde, in industrial areas close to the city. They were built between 1999 and 2018 and have rental space of 9,000 to 36,000 square metres. The properties are characterised above all by their central and convenient location in the immediate vicinity of the motorways 1, 2, 10 and 27. Users of the properties are renowned companies such as REWE, Siemens and the Nagel Group, which have each rented the properties on a long-term basis.
“The logistics market in Germany has been profiting for years from the good economic development and the growing online trade and, as Europe’s most important market for logistics properties, will continue to provide an attractive risk-return profile in the future. The popularity of this asset class continues to grow,” explains Sabine Barthauer, member of the Board of Managing Directors of Deutsche Hypo. “We are pleased to be able to finance the first properties for our logistics real estate fund with Deutsche Hypothekenbank,” adds Bodo Hollung, partner and managing director of LIP Invest. “I greatly appreciate Deutsche Hypothekenbank’s high level of logistics real estate expertise and can now look back on a trustful business relationship of well over a decade.”