LIP Invest, a leading provider of special logistics real estate funds in Germany, has achieved a new lease for the distribution centre in Hildesheim, Baurat-Köhler-Straße 18. The logistics property is part of the “LIP Real Estate Investment Fund – Logistics Germany III” fund portfolio, which is administered by INTREAL.
The logistics hall, which was built in 2018, is a combination of distribution centre and transhipment property. It has a total lettable area of around 10,000 square metres and is supplemented by large outdoor storage and storage areas. Delivery can be made from all four sides via the 8 dock levellers and 9 ground-level gates. The property is therefore suitable for different uses. In addition, LIP retrofitted the property with a photovoltaic system in 2023 in order to be able to offer tenants a direct power supply at favourable conditions.
The 4PLINKS Group, a British-Dutch logistics service provider, is on an expansion course and is entering the German market for the first time with the lease in Hildesheim. The company will use the hall space for container cross-docking and order fulfillment, supporting Amazon fulfillment shippers in particular.
“Speed pays off, that has been proven once again in this case. Only six weeks have passed from the initial contact to the joint viewing and subsequent offer to the lease negotiation and the successful conclusion. In addition, the property quality of the property was convincing. The four-sided tender and the large outdoor areas will greatly benefit the new tenant in its fulfillment processes,” explains Alexander Decker, Authorized Signatory & Director Asset Management at LIP Invest.
With the new letting of the space in Hildesheim, the entire logistics real estate portfolio managed by LIP is fully let. Last year alone, Asset Management negotiated and concluded letting services of more than 300,000 square metres in-house for the 1.4 million square metre portfolio.
“In economically challenging times, users act more cautiously and as a result, rental processes take more time. We feel this more in some logistics regions, less in others. Against this background, I am all the more pleased with the team effort of the asset management with this rapid re-letting in Hildesheim,” comments Sebastian Betz, Managing Partner of LIP Invest.
