Logistics real estate specialist LIP Invest has acquired a recently completed logistics centre in the German town of Landsberg in Bavaria for one of its funds.
The Panattoni project development is leased to Dachser on a long-term basis. Goldbeck International acted as general contractor. The property comprises three building sections with a total rental area of around 20,000 m2, situated on a 37,600 m2 site.
The asset includes 24 ramps and two ground-level gates for access. The property has 78 car, 4 truck and 20 bicycle parking spaces, including e-charging facilities. The DGNB Gold certified asset will be completed with rooftop photovoltaics, installed by LIP's sister company AvanLog Solar. The electricity generated will be purchased by the tenant Dachser itself in the form of a tenant electricity model.
Logistics service provider Dachser is renting the cold storage warehouse on a long-term basis. The family-owned company already has one of its 382 branches in Landsberg, just one kilometre from the new development. The stored goods are mainly temperature-controlled foodstuffs such as baked goods, meat products and dairy products.
The cold storage facility is located 25 kilometres from Leipzig/Halle Airport. The nearest freeway junction to the A9, which connects the cities of Munich, Nuremberg, Leipzig and Berlin in a north-south direction, is also a few kilometres away. Other transshipment facilities such as the Leipzig Freight Village or the Halle Saale Container Terminal can therefore be reached quickly.
'The demand for cold storage warehouses is rising sharply due to increasing stockpiling in the food and pharmaceutical sectors. At the same time, the supply of available logistics properties that are suitable for temperature-controlled storage is limited. We are therefore particularly pleased that this new building complements our portfolio,' said Bodo Hollung, managing director and partner of LIP Invest.
LIP was supported in the off-market deal by LPA (legal), Ebner Stolz (tax) and ES Enviro Sustain (ESG). Cushman & Wakefield was responsible for the technical due diligence and ongoing construction controlling.
