LIP Invest, a leading provider of special logistics real estate funds in Germany, has acquired a modern transhipment property in the Bremen freight village for the “LIP Real Estate Investment Fund – LOGISTICS GERMANY V” launched by IntReal. The seller in this off-market deal is the project developer DLH Real Estate, based in Bremen. The legal due diligence was accompanied by LPA, the tax due diligence by RSM Ebner Stolz, the technical due diligence by Cushman & Wakefield and the ESG due diligence by EnviroSustain.
The logistics property, which will be completed in 2024, is located on a plot of around 41,000 square metres and comprises a total lettable area of around 9,600 square metres. Of this, around 8,000 square metres will be spent on hall space and around 1,700 square metres on office and social space. The property is complemented by around 23,000 square metres of paved outdoor space.
The property is divided into two units and offers a transshipment hall with around 6,000 square metres and a warehouse with around 2,000 square metres. It is designed for the storage and handling of substances up to water hazard class WGK 3 and can also be used for hazardous goods. This means that the property as a whole has a high degree of third-party usability.
The new logistics building has 76 ramp gates and two ground-level gates for delivery. The hall is unheated, while the office space is supplied by a heat pump, which enables fossil-free operation of the property. In addition, four car e-charging stations, a photovoltaic rooftop system for self-supply of electricity and solar thermal energy for hot water preparation are also part of the property’s equipment.
The location in the Bremen freight village is characterised by its multimodal connection to rail and waterways and offers ideal conditions for import and export logistics as well as extensive distribution. The proximity to the A1 and A28 motorways as well as good public transport connections underline the attractiveness of the location. A globally active logistics service provider is leasing the property on a long-term basis and using the logistics space to handle a wide variety of goods.
“This third-party logistics property in Bremen’s GVZ is another piece of the puzzle for our fund. The purchase helps to consolidate the dividend yield of well over five percent. At the same time, we expect further capital commitments from institutional investors in the short term. We are already in the starting blocks with the next property acquisitions from our secured initial portfolio, so that a rapid capital call for investors is ensured,” says David Zimmermann, Managing Director of LIP Invest.
