A partnership between HIH Invest Real Estate and Nrep has acquired a logistics development in Germany.
Nrep’s logistics development and management business Logicenters is investing an unspecified amount on behalf of the Nrep Nordic Strategies Fund V to finance the majority of the 22,861sqm development project in Bensheim.
Construction on the 40,000sqm site in Germany’s Rhine-Neckar region is set to begin in the first quarter of 2026.
This investment marks the second collaboration between HIH Invest and Nrep, following their joint acquisition of a project in the Herten/Rhine-Ruhr metropolitan region earlier this year.
The joint venture between HIH Invest, Nrep and Logicenters focuses on providing capital for developing logistics properties in Germany.
Wolfgang Ködel, head of Nrep Germany, said: “The market for logistics properties in Germany continues to face a shortage of high-quality space, even as demand for sustainable and flexible solutions remains strong.
“Our partnership with HIH Invest enables us to deliver targeted, high-calibre projects, such as this latest facility in Bensheim, that further strengthen our presence in key Tier 1 locations. Together, building a future-focused portfolio that not only meets today’s standards but also anticipates future user requirements.”
Felix Meyen, managing director of HIH Invest, said: “With the Bensheim site, we are opening up an additional highly attractive logistics cluster as part of our second venture with Nrep.
“We want to continue along this path and expand the portfolio accordingly. With our experience in structuring and managing such projects, we are the perfect partner for international investors.”
Lars Bothe, head of value-add investments at HIH Invest, said: “The cooperation with Nrep has been successful and based on partnership. The project development in Bensheim perfectly aligns with our investment strategy on account of the pre-letting in place, combined with an energy-efficient, taxonomy-compliant building concept.
“As one of the largest logistics investment managers in Germany, we now manage almost €1.5bn in assets under management in logistics properties.”
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