Hamburg-based investment firm Hansainvest has acquired a logistics property at Liverpool International Business Park for £50 mln (€65 mln).
Hamburg-based investment firm Hansainvest has acquired a logistics property at Liverpool International Business Park for £50 mln (€65 mln).
The asset, which provides just over 59,000 m2 of lettable space, was acquired from Deutsche Bank's asset management arm.
The property is located around 13 kilometres south-east of Liverpool's city-centre and is fully let on a long-term basis to discounter B&M Retail, which uses the site as the centre of its UK operations.
Berwin Leighton Paisner and JLL acted as advisors on behalf of the buyer, with CMS and Savills acting for the vendor.
'The site's excellent infrastructure, including easy access to Liverpool's deep-water port, along with the long-term lease with a tenant of such good standing, are just two of the factors that make this an outstandingly attractive object,' said Nicholas Brinckmann, managing director of Hansainvest.
Hansainvest, a member of the Signal Iduna Group, manages €22 bn of assets in the securities, real estate and alternative Investments asset classes.