German logistics specialist LIP Invest has picked up a distribution warehouse under construction in Dannstadt-Schauernheim, Germany.
The asset, which has been purchased for one of LIP's logistics funds is already fully leased to the IFCO Systems Group.
The project development is being realised as part of a forward funding deal with Panattoni, who is responsible for the overall management of the process. The completion of the distribution centre is scheduled for the end of the third quarter of 2022.
Goldbeck Südwest, branch office Rhine-Neckar, is acting as general contractor. On a site of around 41,500 m2, a total of 20,000 m2 of hall space, 2,200 m2 of mezzanine space and 1,100 m2 of office and social space are under construction.
'Numerous inland ports and terminals can be reached along the Rhine via the port of Mannheim. In addition, Frankfurt Airport offers the possibility of handling time-sensitive goods as air freight.
'Combined with the very good road connections, the logistics property in Dannstadt is characterized in particular by its advantageous location,' said Bodo Hollung, partner and managing director of LIP Invest.
The development's extensive sustainable credentials include a percolating eco-pavement as well as several e-charging stations in the car park. The building will be equipped with a resource-saving heat pump and underfloor heating in the office areas.
On the roof of Unit 1, LIP and its partner company Avantag Solar will install a photovoltaic system, while a green roof will be planted on top of Unit 2. The outdoor facilities will be landscaped to resemble a park with wildflower meadows and a natural pond.
Here, a pavilion and seating will be available to the employees during breaks. The settlement of house sparrows on the logistics site is specifically fostered with a large number of nesting sites. A DGNB Gold certification is being sought for the new building.
During the acquisition process, LIP received legal support from Ashurst, tax support from Ebner Stolz as well as from ES EnviroSustain for the ESG due diligence. Mocuntia took over the technical due diligence as well as the construction controlling.
