LIP Invest, a leading provider of special logistics real estate funds in Germany, has leased around 35,000 square metres of warehouse space in Obernburg to two logistics service providers at an early stage. LIP has thus secured the full occupancy of the site in the long term.
Teamlog GmbH Spedition und Logistik (Teamlog) is leasing around 25,000 square metres of warehouse space on a long-term basis. The regional logistics service provider based in Aschaffenburg offers tailor-made solutions in the areas of contract logistics, transport logistics and warehousing. The additional hall space enables Teamlog to expand an existing order in the wholesale business.
Another space unit with around 10,000 square metres will be leased by the Geis Group on a long-term basis. The owner-managed logistics company uses the location in Obernburg to handle logistics tasks such as the storage, picking and worldwide shipping of spare parts for a strategically important customer.
“The favourable location and the modern standard of the logistics property were clear advantages in the new letting. In the end, however, the trusting cooperation between Teamlog as well as Geis and us as landlords was decisive for the signing of the lease agreements, which we were able to conclude in-house,” Sebastian Betz, Managing Director of LIP Invest, underlines the successful conclusion. Johannes Otti, Head of Commercial Asset Management at LIP Invest, adds: “This is a positive example of our fund strategy of creating additional value for our investors through active asset management and early communication from all parties.”
The Obernburg logistics centre, which was built in 2019, covers around 75,000 square metres of hall space. This is divided into eight units, all of which are now fully let. The property meets the ecological requirements of LIP’s fund strategy to a particularly high degree. For example, it has the largest green roof in Bavaria, which contributes to improving the microclimate and rainwater retention.
The property is located on the Bavarian side of the Rhine-Main area, around 20 kilometres south of Aschaffenburg. The site has trimodal transport connections and is located directly opposite the Obernburg Industrial Park, which, with an area of 176 hectares, is an important part of the economic region on the Bavarian Lower Main. LIP purchased the multi-tenant property in 2020 for the “LIP Real Estate Investment Fund – LOGISTICS GERMANY II”. The fully invested fund has been launched by IntReal Kapitalverwaltungsgesellschaft.
