CBRE Investment Management has acquired a logistics park at Leipzig-Halle Airport from Invesco Real Estate on behalf of one of its core strategies.
The parties agreed not to disclose the purchase price.
The logistics park at An der Autobahn 12 in Schkeuditz was completed in 2021 and achieved a DGNB Gold sustainability rating. It offers 51,300m² of flexible storage space which can be partitioned into five units for multi-user occupation as well as over 3,000m² each of office and mezzanine space. The 114,000m² plot also includes 131 parking spaces for cars and 14 for lorries. The property is leased long-term to Relaxdays, one of the largest e-commerce retailers in the region.
Sebastian Ehrhardt, Managing Director and Head of Transactions Germany at CBRE Investment Management commented: “The property’s micro and macro location is its main strength. Apart from excellent multimodal transport links, the Leipzig-Halle region, centrally located in both Germany and Europe, forms a strategic distribution hub for a number of sectors. This is reflected in turnover figures at Leipzig-Halle Airport which make it Germany’s second and Europe’s fourth-largest airfreight hub.”
Jean-Antoine Robert, Senior Portfolio Manager at CBRE Investment Management added: “Our mandate is pursuing a long-term investment strategy in core western European markets. The property is a great addition to our portfolio thanks to its location at this prominent logistics hub, the flexible building layout and sustainability credentials. We believe it will deliver stable cash flows and maintain its strong market positioning for years to come.”