LIP Invest has acquired a distribution centre in Minden, Magdeburgstraße 19, for its real estate special AIF, LIP Real Estate Investment Fund – Logistics Germany IV, in a sale-and-lease-back transaction.
The property is leased long-term to the seller Hölkemeier Spedition.
The property, built in 2017 and 2018, consists of three single-storey logistics halls with a total lettable area of around 17,500 square metres. This is divided into 17,000 square metres of hall space and 500 square metres of office and social space. Each hall has separate low yards and ground-level access gates. Flexible access is possible via 11 ramp gates and 9 ground-level gates. There are 27 parking spaces available on site.
On the roof surfaces, LIP’s sister company AvanLog Solar is installing a photovoltaic system with subsequent direct power supply to the tenant. The self-consumption system can produce up to 1,500 mWh of electricity annually. In addition, two e-charging points have been pre-equipped at the site and water-saving fittings are in use, so that consumption is significantly below benchmarks. The water stress level in the region is also counteracted by the large-scale infiltration of rainwater on the property.
The logistics service provider leases the property on a long-term basis. A lease agreement including sustainability clauses has been agreed between LIP and Hölkemeier, so that a sustainable management of the logistics space by both parties is guaranteed.
The distribution centre is well connected via the A2 to the west in the direction of the Ruhr area and to the east in the direction of Hanover, Magdeburg and Berlin. Due to its advantageous location and trimodal transport connections, the location is suitable for wide-range distribution and the handling of import and export activities.
“Thanks to our solutions, which are especially tailored to logistics companies, we were once again able to acquire a property in a sale-and-lease-back. By that, logistics companies can continue to use the property as if it were their own and at the same time receive liquid funds for digital transformation, new technologies, new distribution channels or investments in their core business. With Minden, we were able to gain an attractive, as-new logistics property for our fund despite the challenging environment of interest rate increases and high inflation,” says Bodo Hollung, Partner and Managing Director of LIP Invest.
