German logistics fund provider LIP Invest has acquired a recently completed distribution centre in Bremen, Senator-Blase-Straße 19, for one of its logistics funds.
LIP reached an agreement with the seller, the LIT Group, in an off-market transaction. The new building was financed by Sparkasse Bremen.
Comprising a total rental area of around 21,000 m2, the property stands on a 31,100 m2 site. The hall area amounts to 18,100 m2, while 1,300 m2 are allocated to the mezzanine area and 1,350 m2 to the office and social areas.
The building can be accessed flexibly via 16 ramp gates, 6 of which are jumbo, as well as two ground-level access gates. The property is equipped with 35 parking spaces for cars, 4 for trucks and 39 for bicycles.
The property is certified to DGNB Gold. LIP's sister company, AvanLog Solar, is installing a photovoltaic system with a capacity of 2,025 kilowatt peak on the roof area. The installed e-charging stations for cars and e-bikes can also be operated with solar power.
The tenants are LIT Lager und Logistik, both of whom have signed long-term contracts.
Bodo Hollung, managing director and partner of LIP Invest said: 'When it comes to logistics properties, proximity remains key, especially the proximity to logistics-related infrastructure.
'We are therefore all the more pleased that we were able to secure this new building for our fund and add another modern logistics property in an advantageous location to our portfolio.'
During the acquisition, LIP received legal and tax advice from Walch Rittberg Nagel and support from ES EnviroSustain for the ESG due diligence. Alea real was responsible for the technical due diligence and ongoing construction controls.
