German logistics real estate specialist LIP Invest has acquired a completed logistics building near Frankfurt Airport for one of its funds from Hannover-based project developer bauwo Grundstücksgesellschaft.
The property in Mörfelden-Walldorf has 12,000 m2 of total rental area on a site of around 30,000 m2 and is on a long-term lease to Coca-Cola Europacific Partners Germany.
It has five ground-level access gates for lateral loading and unloading, while a further eight ramp gates have been structurally pre-equipped, enabling third-party use.
The property also has a 2,100 m2 paved storage area, 20 truck and 51 car parking spaces, some of which are equipped with e-charging stations.
Bodo Hollung, managing partner and director of LIP said: ‘The new logistics building at Frankfurt Airport ideally complements our portfolio, which now consists of 56 logistics properties. Our strategy of keeping at it early on in project developments has also worked here.
'We were able to support during the acquisition of the land and ultimately secure the new building by continuing to provide close support. In this way, we are always able to acquire attractive properties for our funds from our large network. For our LIP Logistics Fund Germany 4, which was launched at the end of 2021, we have already secured 10 properties.’
Partner company AvanLog Solar is installing a 1 MW PV system on the roof of the property for which LIP is seeking DGNB Gold certification.
The A3 and A5 motorways connect the logistics centre to all directions, while Frankfurt Airport is only 9 km away.
This is the third logistics property for LIP with Coca-Cola as a tenant, after Bad Fallingbostel and Hildesheim.
Köster acted as general contractor, while Kroll REAG was responsible for the technical due diligence and construction controlling.
LIP was supported legally by REIUS, fiscally by Ebner Stolz and in the ESG due diligence by ES EnviroSustain.
