Press Releases 01 Sep 2020

LPA-GGV advises LIP on the acquisition of the brownfield logistics development “Log Plaza Kerpen”


Press Release, 1 September 2020

Munich, 1 September 2020 – LPA-GGV Munich has advised the Munich based investment manager LIP Invest GmbH, specializing in logistics properties, on the acquisition of a newly built logistics property in Kerpen.

Seller is Kerpen LPK 5 GmbH, a 100%-subsidiary of OSMAB Holding AG based in Rösrath. The project has been developed by ALCARO Invest GmbH, a 100%-OSMAB-subsidiary, as well.

The multi-tenant-property comprised a total lease area of 20,000 sqm and is let on a long-term basis to the globally active logistics service provider LOGWIN Solutions and to SAINT-GOBAIN Autover Deutschland GmbH, a globally active company for vehicle replacement glazing.

The off-market transaction was conducted by way of an asset forward deal. The parties have agreed not to disclose the purchase price.

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: Moritz M. Mellin

Rechtsanwälte Mertens & Kollegen (Rösrath): Silke Klaus