The property, which extends over 4,419 square metres of warehouse and office space, is used by Deutsche Post DHL Group to operate a mechanised delivery site (German: MechZB) for parcels. Completed in 2013, the property sold for an amount in the double-digit millions.
With this latest addition included, the portfolio of the REALOGIS Real Estate Logistics Fund-Germany has grown to a total volume of around 130 million euros within a six-month period. The property just bought brings the number of fund assets up to eight. It is planned to spend another 150 million euros on acquisitions before the end of 2016.
“The prestigious occupier, Deutsche Post DHL Group, the long remaining lease term, and the great location make this logistics property a top investments in line with our fund strategy,” said Bodo Hollung, Managing Director of REALOGIS Real Estate GmbH.
The logistics property, which was completed in 2013, is located at Südring 98 in Bielefeld’s southern district of Brackwede on a plot of 15,000 square metres. The site comes with convenient access both to the town centre of Bielefeld and to the nearest motorway interchange (A2/A23). The mechanised delivery site in Bielefeld is the second of its kind in the portfolio of the REALOGIS Real Estate Logistics Fund-Germany, while the pre-acquisition audit for a third one is already in progress.
Launched in 2015 as real estate special AIF, the REALOGIS Real Estate Logistics Fund-Germany invests in new logistics properties marked by a high alternative use potential and located in well-established locations, but will also invest in existing properties distinguished by great locations and a high degree of attraction to occupiers.
The portfolio strategy aims for the greatest possible diversification in regard to size, age and location of the real estate as well as in regard to remaining lease terms. The investment volume of the fund is c. 300 million euros.
For further information, please visit: www.realogis-realestate.de