Press Release, 27 November 2020
Munich, 27 November 2020 – LPA-GGV Munich has advised the Munich based investment manager LIP INVEST GmbH, which specializes in logistics real estate, on the acquisition of a high-quality logistics property located in the greater Nuremberg area by way of a sale and lease back transaction.
Within the scope of the transaction, the seller and user of the property entered into a long-term lease agreement including prolongation options of up to 20 years.
The off-market transaction was conducted by way of an asset deal. The investment volume amounts to approx. 10 million euros.
The property was built in 2015 and comprises a plot area of approx. 18,000 sqm and a total lease area of approx. 9,000 sqm.
Please read LIP’s complete press release here.
Legal: LPA-GGV (Munich): Dr. Bernd Spieth (Lead Advisor, Real Estate), Katarina Krekovic (Real Estate), Dorothea Schimmel (Public Law), Gerhard Köglmeier (Investment Law)
Inhouse Law: Daniel Pahl