RLI Investors achieves full letting of logistics property near Munich in record time
RLI Investors (RLI) has let around 2,300 sq m of logistics space in the Westpark logistics and industrial park, in Sulzemoos near Munich, on a long-term lease.
The logistics property, built in mid-2017, is part of the portfolio of the “RLI Logistics Fund – Germany I”. It is now fully occupied. The new tenant is the innovative delicatessen concept Gepp’s. The family-owned company, with managing director Dr. Alexander Gepp, operates more than 20 shops nationwide. Gepp’s occupies the space as a central location for its product
range, ships from there to its stores and serves its online shop.
“We were able to conclude the lease within ten days of the first viewing. The negotiations with our new tenant Gepp’s were extremely positive and highly professional,” says Sandra Martel, asset manager responsible for letting at RLI.
Alexander Gepp, Managing Director of Gepp’s: “The professionalism of the landlord RLI and the flexibly usable space won us over immediately.”
The as-new, modern property comprises two logistics halls. The total area of around 22,000 sq m is let on long-term leases to four occupiers. The anchor tenant is the wholesale concern metro. The deal was brokered by Realogis. RLI manages 24 logistics properties spread over Germany. More than 40 occupiers store their goods, in a total lettable area of around 850,000 sq m.