Press Release, 11 August 2020
Munich, 11 August 2020 – LPA GGV Munich has advised the Hannover based project developer bauwo Grundstücksgesellschaft mbH on the sale of an approx. 36,000 sqm logistics property located in Hodenhagen.
The logistics centre is let on a long-term basis to the Bremen based company STUTE Logistics, a 100% subsidiary of Kühne + Nagel.
The modern property is located directly adjacent to the BMW distribution centre, which was built by bauwo as well, in 2016. Given its favorable location at the intersection of the A27 highway towards Bremen and the A7 towards Hamburg/Hannover the property is ideally suited for use as a nationwide or international distribution centre.
Purchaser is the Munich based investment manager with focus on logistics properties LIP Invest GmbH, which has acquired the logistics centre for its real estate funds “LIP Real Estate Investment Fund – Logistics Germany”.
Legal: LPA-GGV (Munich): Dr. Bernd Spieth (Partner, Lead Advisor, Real Estate), Katarina Krekovic (Senior Associate, Real Estate)
Eversheds Sutherland LLP (Hamburg): Dr. Stefanie Fürst (Partner, Lead Advisor, Real Estate), Annette Griesbach (Counsel, Real Estate), Christina Hölder (Senior Associate, Real Estate)
Inhouse Law: Moritz M. Mellin