Press Release, 10 July 2020

Munich, 10 July 2020  – LPA-GGV Munich has advised the Munich based investment manager LIP Invest GmbH (“LIP”), with special expertise in the field of logistics properties, on the acquisition of a logistics centre in Obernburg, Bavaria.

With an investment volume of around EUR 100 million, the off-market deal is one of the three largest transactions in the first half of 2020 on the German logistics real estate market. LIP has acquired the property for its fund “LIP Real Estate Investment Fund – Logistics Germany II”.

Climate protection and sustainability aspects were particularly considered during the construction project. A highlight of the property built by Dreßler Bau as general contractor, is Bavaria’s largest and Germany’s second largest biodiversity green roof with an area of 71,000 sqm, comprising hills, deadwood and wetland areas that reflect the natural regional biodiversity of plant and soil species and create new habitats for insects and other animals.

Seller of the recently completed multi-tenant-property is Mainsite Logistik Nord GmbH, a company of the Mainsite group.

Please see the more detailed press release of LIP available under the following Link for further information.

Legal: LPA-GGV (Munich): Dr. Bernd Spieth (Lead Advisor, Real Estate), Katarina Krekovic (Real Estate) Gerhard Köglmeier (Investment Law), Dorothea Schimmel (Public Law), Oliver Kirfel LL.M., Maximilian Amrhein (both Corporate Law)
Inhouse Law: Moritz M. Mellin

K&L Gates LLP (Berlin and Frankfurt): Dr. Georg Foerstner (Lead Advisor, Real Estate), Dr. Anja Rösch (Real Estate), Kerstin Hanke, Klaus Banke (both Corporate Law)  Dr, Matthias Grund, Dr. Bastian Bongertz (both Finance)