LIP Invest, the investment manager for logistics real estate in Germany, has acquired a new-build property in Kesselsdorf near Dresden from seller and project developer Elbe Invest.
Financial details of the off-market deal were not disclosed.
The building complex consist of a central office building and two separate halls, and is located at Zschoner Ring 16.
The property covers a total of 27,500 m2, of which about 9,000 m2 are hall and office space. The yard and shunting area takes up 2,500 m2 and offers 24 truck and 25 car parking spaces. It features twelve dock levellers and four ground-level sectional doors.
The entire asset is fully-let to local family business Hanitzsch, whose existing headquarter is directly adjacent to the newly build distribution property.
From here, Hanitzsch will conduct trans-shipment and order picking for a well-known drugstore chain as well as contract logistics services for an automotive supplier and an e-commerce company.
The building is equipped with high quality automatic LED lightning control and an automatic sprinkler and fire alarm system, which enables extensive use of the halls. To generate renewable energies, LIP plans to install a photovoltaic system this year.
Bodo Hollung, partner and managing director of LIP Invest said: 'The logistics location Dresden benefits from a wide variety of sectors from industry and high technology and is an important centre for the production of semiconductors.
'With its infrastructure of motorways in all directions, an airport, a trimodal freight centre and as a rail hub for freight transport, Dresden is becoming increasingly important for both regional and pan-European distribution.'
LIP received legal support for the acquisition from the business law firm Görg, tax support from WTS, technical support from Mocuntia and, as part of the ESG analysis, from ES EnviroSustain.
