Press release, 15 December 2020
Munich, 15 December 2020 – LPA-GGV Munich has advised the Hannover-based project developer bauwo on the sale of a new logistics centre located in Pilsting (Munich metropolitan area).
The modern multi-user logistics centre, comprising a total lettable area of approx. 38,000 sqm, was completed in May 2020 after a construction period of only 10 months.
The logistics centre, initially a speculative development, was let to Truck & Wheel as well as HENDRICKS Internationale Spedition and handed over in August 2020. Finally, the third unit was let to TRICOR Packaging & Logistics AG in November 2020; thus, the property is now fully let on a long-term basis.
The total investment volume amounts to EUR 50 million.
Purchaser is LIP Invest, one of the leading investment managers for logistics real estate in Germany. LIP has acquired the logistics centre for one of its logistics real estate special funds.
LPA-GGV (Munich): Dr. Bernd Spieth (Partner, Lead Advisor, Real Estate), Katarina Krekovic (Senior Associate, Real Estate)
REIUS (Hamburg): Annette Griesbach (Partner, Lead Advisor, Real Estate), Christina Hölder (Senior Associate, Real Estate)