German logistics real estate specialist LIP Invest has acquired a 10,000 m2 distribution centre near Hanover in Germany.
The off-market purchase from LIB GmbH was conducted on behalf of the LIP Real Estate Investment Fund - Logistics Germany IV.
The centre consists of two separate units of almost 5,000 m2 each, with the office and social areas accounting for around 200 m2.
Logistics company LLW Lagerhaus & Logistik uses the site on a long-term lease, providing services to regional companies from the food and container industries.
Centrally located in northern Germany, close to the ports of Hamburg, Bremen and Bremerhaven, as well as to Hanover Airport, the logistics property is ideal for supplying the metropolitan areas around Hanover and as a bundling and distribution centre.
LIP’s partner company AvanLog Solar will install a PV system on the roof surfaces.
LIP was supported technically by Kapco, legally and fiscally by Walch Rittberg Nagel and by ES EnviroSustain for the ESG due diligence.
