HIH Invest acquires new logistics building in Alzey

The logistics property is located in an industrial area extension in Alzey. The small town is strategically located in the greater Frankfurt am Main area, Wiesbaden and Mainz, Worms, Kaiserslautern, as well as Mannheim and Heidelberg. Via the slip road to the A61, which is only a few minutes away by car, the location is well connected to the German motorway network. Frankfurt Airport, which is about 60 kilometres away, can be reached in about an hour by car.

"Due to the low availability of land and high land prices in Frankfurt am Main, conveniently located surrounding communities have increasingly become the focus of logistics developers," says Maximilian Tappert, Head of Transaction Management Logistics at HIH Invest. "Alzey has developed strongly as an industrial and logistics location in recent years. Further planned settlements, such as that of the internationally active pharmaceutical company Eli Lilly, will lead to an additional upgrade of the location."

"With the purchase of the logistics property in Alzey, we can further diversify our fund. The strategically favourable location, the high sustainability requirements and the good third-party usability make the properties an ideal asset for our fund," explains Andreas Strey, Co-Head of Fund Management and Head of Logistics at HIH Invest. "We also have a tenant with a high level of loyalty to the location, which ensures a stable cash flow in the long term."

"With the expansion of the Lufthansa Technik Aero Alzey site, we have made a contribution to the economic development of the region," says Martin Gerkhardt, authorized signatory of the TIMBRA Group. "We are pleased to have won HIH Invest as an experienced partner who will accompany the life cycle of the property in the long term."

With the latest acquisition, the real estate assets of HIH Deutschland+ Core Logistik Invest grow to nine properties with a volume of around EUR 140 million. The target volume of the fund, which is regulated in accordance with Article 8 of the EU Disclosure Regulation, is EUR 300 million, with a minimum subscription amount of EUR 5 million. The investment focus is on modern core logistics properties with very good third-party usability and high ESG standards. The fund's target group are institutional investors and credit institutions. The main investment location is Germany, while around 30 percent of the fund's capital is invested in neighboring countries (the Netherlands, France, Austria).

The legal and tax due diligence was carried out by Baker Tilly (Frankfurt am Main), the technical and ESG due diligence by Stane (Frankfurt am Main). The transaction was brokered by CBRE.