{"id":14733,"date":"2021-03-10T08:00:06","date_gmt":"2021-03-10T07:00:06","guid":{"rendered":"https:\/\/hihde-92dea8b3de-h8fud6dedhhqhsgc.a02.azurefd.net\/warburg-hih-invest-acquires-logistics-property-in-grossbeeren-near-berlin\/"},"modified":"2024-10-19T21:50:14","modified_gmt":"2024-10-19T19:50:14","slug":"warburg-hih-invest-acquires-logistics-property-in-grossbeeren-near-berlin","status":"publish","type":"post","link":"https:\/\/hih.de\/en\/warburg-hih-invest-acquires-logistics-property-in-grossbeeren-near-berlin\/","title":{"rendered":"Warburg-HIH Invest Acquires Logistics Property in Grossbeeren Near Berlin"},"content":{"rendered":"\n<ul>\n<li>The fully occupied gross lettable area is around 28,900 square metres<\/li>\n<li>Site serves as last-mile distribution centre for Berlin metro region and as hub between Germany and Eastern Europe<\/li>\n<li>Ninth asset in the open-ended institutional fund, \u201cWarburg-HIH Deutschland Logistik Invest\u201d<\/li>\n<\/ul>\n<p><strong>Hamburg, 10 March 2021<\/strong> \u2013 Warburg-HIH Invest Real Estate (\u201cWarburg-HIH Invest\u201d) just acquired a logistics property at the \u201cGVZ Grossbeeren\u201d freight centre south of Berlin for its open-ended special AIF, \u201cWarburg-HIH Deutschland Logistik Invest.\u201d The property at M\u00e4rkische Allee 4-10 is fully occupied by the tenant Ingram Micro CFS Fulfillment GmbH. In Grossbeeren, the e-commerce service provider handles the returns management for fashion companies, among other business lines, but is also active for other companies in the fields of e-commerce, beverages and beauty. The logistics complex was raised in 2010\/2011 and has a gross lettable area of more than 28,900 square metres. In addition to about 27,300 square metres of logistics space, the premises include 1,300 square metres of office space and 168 car parking spots. Roof-mounted photovoltaic systems permit an environmentally friendly operation. The logistics property was sold by an institutional property fund managed by DWS. The transaction took the form of a share deal. It was agreed not to disclose the selling price. <\/p>\n<p>The \u201cWarburg-HIH Deutschland Logistik Invest\u201d fund is planned to have a total volume of 500 million euros. The equity capital volume in the amount of 275 million euros has already been fully collected from the institutional investors. Over the past twelve months, the fund built up a portfolio of nine logistics warehouses in a combined value of nearly 250 million euros.  <\/p>\n<p>Lars Bothe, Senior Transaction Manager Germany at Warburg-HIH Invest, said: \u201cThe acquisition significantly enhances the fund\u2019s diversification in terms of geography and tenant-industry mix. The interest shown by national and international investors on Berlin\u2019s logistics real estate market remains as strong as ever, and was further boosted by the COVID-19 pandemic. We do not expect to see the action on the strained market to ease in the coming quarters, because demand for core assets like this one persists. Which makes it all the more rewarding to have managed to acquire this logistics property for our fund.\u201d <\/p>\n<p>The property benefits from convenient access to the public transportation network, direct road access to Berlin via the B101 federal route, and is located close to the \u201cLudwigsfelde-Ost\u201d motorway interchange on the A10 orbital motorway. The Grossbeeren logistics site has long served as logistics hotspot south of Berlin; it has the highest transshipment volume in the greater Berlin area and is therefore very much in demand as a freight centre. The city centres of Berlin and Potsdam as well as Berlin\u2019s new airport in Sch\u00f6nefeld (BER) are each about 20 kilometres away. The Grossbeeren freight centre is particularly sought after in the context of supplying the metro region and as last-mile delivery hub. At the same time, the site serves as gateway between Germany and Eastern Europe.  <\/p>\n<p>Andreas Strey, Co-Head of Fund Management and Head of Logistics at Warburg-HIH Invest, commented the acquisition: \u201cWith its more than 80 resident companies, GVZ Grossbeeren is one of the largest freight centres in Europe. Due to its strategically convenient location, it enables logistics occupiers to cover more than one business line. Be it as regional distribution node or as centre for last-mile or last-hour distribution. The expansive catchment areas of this site encourage a wide variety of possible tenant profiles. Add to this the building design, which has a high alternative use potential because it can be divided and would accommodate up to five separate warehouse areas. This makes it suitable for multi-tenant occupancy, too.\u201d <\/p>\n<p>The legal and tax due diligences were undertaken by Norton Rose Fulbright LLP in Frankfurt am Main. The technical and ESG due diligences were done by C.P.H. Projekt- und Baumanagement GmbH from Hamburg.<\/p>\n<blockquote  class=\"blockquote\"><p>  <em>\u201cThe acquisition significantly enhances the fund\u2019s diversification in terms of geography and tenant-industry mix. The interest shown by national and international investors on Berlin\u2019s logistics real estate market remains as strong as ever, and was further boosted by the COVID-19 pandemic. We do not expect to see the action on the strained market to ease in the coming quarters, because demand for core assets like this one persists. Which makes it all the more rewarding to have managed to acquire this logistics property for our fund.\u201d<\/em>  <\/p>\n<p><strong>Lars Bothe, Senior Transaction Manager Germany<br \/> Warburg-HIH Invest<\/strong><\/p>\n<\/blockquote>\n<blockquote  class=\"blockquote\"><p>  <em>\u201eDas GVZ Gro\u00dfbeeren mit \u00fcber 80 Unternehmen ist eines der gr\u00f6\u00dften G\u00fcterverkehrszentren in Europa. Durch die strategisch g\u00fcnst\u201cWith its more than 80 resident companies, GVZ Grossbeeren is one of the largest freight centres in Europe. Due to its strategically convenient location, it enables logistics occupiers to cover more than one business line. Be it as regional distribution node or as centre for last-mile or last-hour distribution. The expansive catchment areas of this site encourage a wide variety of possible tenant profiles. Add to this the building design, which has a high alternative use potential because it can be divided and would accommodate up to five separate warehouse areas. This makes it suitable for multi-tenant occupancy, too.\u201d<\/em>  <\/p>\n<p><strong>Andreas Strey, Co-Head of Fund Management and Head of Logistics<br \/> Warburg-HIH Invest<\/strong><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The fully occupied gross lettable area is around 28,900 square metres Site serves as last-mile distribution centre for Berlin metro [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14732,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"wds_primary_category":0,"wds_primary_stadt_category":0,"footnotes":""},"categories":[1],"tags":[61,60],"stadt_category":[],"class_list":["post-14733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-hih","tag-whih"],"_links":{"self":[{"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/posts\/14733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/comments?post=14733"}],"version-history":[{"count":2,"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/posts\/14733\/revisions"}],"predecessor-version":[{"id":18304,"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/posts\/14733\/revisions\/18304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/media\/14732"}],"wp:attachment":[{"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/media?parent=14733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/categories?post=14733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/tags?post=14733"},{"taxonomy":"stadt_category","embeddable":true,"href":"https:\/\/hih.de\/en\/wp-json\/wp\/v2\/stadt_category?post=14733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}