Values Real Estate has acquired the Coreport Leipzig II logistics asset from the Intaurus Group, a developer and manager of industrial, logistics and commercial properties.
Financial details were not disclosed.
The Coreport Leipzig II on Paul-Thiersch-Straße in Schkeuditz at the Leipzig/Halle air and motorway hub was completed at the end of May 2023 with a total rental area of around 55,000 m2.
The sole tenant of the premium logistics property, which is certified with DGNB Gold, is the online luxury retailer Mytheresa, which will supply customers nationwide and worldwide from the Leipzig/Halle hub.
The new building will be part of the institutional Values logistics real estate fund and has a weighted annual unexpired lease term of ten years.
There are plans to mount a photovoltaic system on the roof in order to generate a large part of the energy required for operation regeneratively and in-house.
'The project development near Leipzig meets the highest standards in terms of function, technology, ecology and design. In addition, the property is used by a tenant whic sells products to a clientele with purchasing power relatively independent of the economy,' said Sonja Ebeling, managing partner, Values Industrial, a subsidiary of the Values Real Estate group of companies.
'Our long-standing, trusting cooperation with Values has endured even under changed market conditions. This deal shows that transactions are still possible at the moment,' said Oliver Raigel, Managing Partner of the Intaurus Group.
The transaction was accompanied by CBRE. Values Real Estate received technical and ESG advice on the purchase from TA Europe.
The legal due diligence was carried out by GÖRG on behalf of the buyer and by Glock Liphart Probst & Partner on behalf of the seller.
