Press Release, 6 December 2021

Munich, December 3, 2021 – LPA-GGV advised bauwo on the sale of the project company bauwo Log Süd GmbH to a fund of GARBE Industrial Real Estate.

In the Lower Bavarian district of Dingolfing-Landau, bauwo Log Süd is building and developing the Pilsting-Großköllnbach industrial and logistic park in four construction phases directly next to the BAB 92 motorway. The first unit A, a logistic hall of approximately 32,000 sqm, was sold to a fund of LIP Invest GmbH after its completion and letting in 2020. LPA-GGV had advised on this transaction, too.

With the acquisition of bauwo Log Süd GmbH, GARBE takes over the halls of the second, already completed and leased unit B (approx. 17,700 sqm hall area) and the third unit C (approx. 35,000 sqm hall and mezzanine areas), the completion of which is planned for May 2022, as well as the development of hall D (approx. 85,200 sqm hall area) on the adjacent site, the completion of which is planned by mid 2023.

On the seller side:

LPA-GGV: Dr. Bernd Spieth, Katarina Krekovic, Aleksandra Hallberg

On the buyer side:

REIUS: Dr. Christian Thiele, Annette Griesbach, Dr. Jörn Kassow, Dr. Stefanie Fuerst, Christina Hölder, Nikolaus Dickstein, Robert Mayer