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Press Releases 08 Jun 2020

LPA-GGV advises bauwo on the sale of a new logistics building located Bremen

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Press Release, 8 June 2020

Munich, 8 June 2020  – LPA GGV Munich has advised the Hanover-based project developer bauwo Grundstücksgesellschaft mbH on the sale of a recently completed new logistics building in Bremen.

The new building, which consists of three hall sections and has an area of around 33,000 qm, has 30 loading gates with dock levellers and five ground-level gates as well as 19 truck and 56 car parking spaces.

The property is fully let to Damco Germany GmbH, a subsidiary of the A.P. Moller Maersk Group. Damco is one of the leading companies in worldwide forwarding services and supply chain management services.

The buyer is the Munich-based investment manager LIP Invest GmbH, which specializes in logistics real estate and is acquiring the property for its logistics real estate fund “LIP Real Estate Investment Fund – Logistics Germany II”.Translated with www.DeepL.com/Translator (free version)

bauwo :
Legal: LPA-GGV (Munich): Dr. Bernd Spieth (Partner, Lead Advisor, Real Estate), Katarina Krekovic (Senior Associate, Real Estate)

LIP Invest:
Eversheds Sutherland LLP (Hamburg): Dr. Stefanie Fürst (Partner, Lead Advisor, Real Estate), Annette Griesbach (Counsel. Recht Estate), Christina Hölder (Senior Associate, Real Estate)

Inhouse Law: Moritz M. Mellin