German logistics specialist LIP Invest has acquired a distribution centre in Minden, in north-east North Rhine-Westphalia, from its occupier.

The facility in Minden

The Facility in Minden

Financial details were not disclosed.

The facility, situated in Magdeburgstraße 19, was acquired for its real estate alternative investment fund (AIF) LIP Real Estate Investment Fund – Logistics Germany IV.

The property has been leased long-term to the vendor, Hölkemeier Spedition, as part of the sale-and-lease-back transaction.

Bodo Hollung, partner and managing director of LIP Invest, said: 'Thanks to our solutions, which are especially tailored to logistics companies, we were once again able to acquire a property in a sale-and-lease-back.

'By that, logistics companies can continue to use the property as if it were their own and at the same time receive liquid funds for digital transformation, new technologies, new distribution channels or investments in their core business.

'With Minden, we were able to gain an attractive, as-new logistics property for our fund despite the challenging environment of interest rate increases and high inflation.'

The property, built in 2017 and 2018, consists of three single-storey logistics halls with a total lettable area of around 17,500 m2. This is divided into 17,000 m2 of hall space and 500 m2 of office and social space.

On the roof surfaces, LIP's sister company AvanLog Solar is installing a photovoltaic system with subsequent direct power supply to the tenant. In addition, two e-charging points have been pre-equipped at the site and water-saving fittings are in use.

The vendor and tenant, Hölkemeier Spedition, is a medium-sized company based in Minden. Its core activity is classic transport and warehouse logistics.

A lease agreement including sustainability clauses has been agreed between LIP and Hölkemeier, so that a sustainable management of the logistics space by both parties is guaranteed. At the Minden site, Hölkemeier Spedition handles incoming goods, storage, order picking and shipping for customers from industry and trade.

LIP was supported technically by Kapco, legally and fiscally by Walch Rittberg Nagel and by Stane for the ESG due diligence.