RLI Investors agrees 10-year lease in Ratingen
RLI Investors has agreed a 10-year lease on over 7,500 square metres of space in Ratingen to Burgia Sauerland. The property, situated in the “Am Sandberg” commercial area of Ratingen, is now fully let. It is part of the “RLI Logistics Fund–Germany I” portfolio.
Burgia Sauerland, a leading mail order company specialising in workwear and industrial safety clothing in Europe, will occupy around 6,600 square metres of hall space and ca. 1,000 square metres of offices and sanitary facilities, relocating its former HQ from Dusseldorf to Ratingen.
The adaptable property provides a total lettable area of ca. 15,550 square metres. Constructed in 1997, it is centrally situated in the Rhine-Ruhr metropolitan region. Close to Dusseldorf airport and with easy access to the national road network, the property has excellent transport connections.
The responsible asset manager at RLI comments: “Thanks to our network and our profound market knowledge, we have succeeded in attracting this very good covenant to our property, despite the stiff competition from numerous new development projects in the Dusseldorf region.”
Red Property advised RLI on the letting of the property.