RLI Investors further on the road to success
Letting of 16,800 square metres of logistics space in Lehrte ++Full letting of fund portfolio achieved++Ranked 6th of logistics investors in Germany
RLI Investors (RLI), an independent asset and fund manager, specialist in logistics property and one of the top 6 logistics property investors in Germany, has concluded two new leases, on a total of around 16,800 square metres, in a property in Lehrte near Hanover. This means that all the logistics space in the RLI Logistics Fund Germany I and II, a total of 736,000 square metres, is now fully let.
One of the new occupiers is the Spanish Sesé Group, an international logistics service provider that has taken around 10,350 square metres. The letting was brokered by BNP Paribas. A further ca. 6,400 square metres has been let to a major internationally active group. Robert C. Spies acted in an advisory capacity for RLI.
The property, built in 2017, is part of the portfolio of the open-ended real estate special AIF “RLI Logistics Fund-Germany I”. It has a lettable area of 27,300 square metres. Situated in the Sievershausen commercial area, it has very good connections to the A2 and A7 motorways, including the Hannover-Ost intersection. Wellpack AG is another well-known tenant of the property.
Katrin Poos, Managing Director at RLI, comments: “Thanks to our proximity to the letting market and our established network, in a very short time we were able to eliminate the vacancy in our fund portfolio and secure a sustainable cash flow for our investors. Our focus is now on ensuring the satisfaction of our tenants and thereby maintaining the occupancy rate. Another objective is to increase the value of the fund properties.”
In the bulwiengesa study “Logistics and Real Estate 2018 – Beyond the Hype. The “Bread and Butter Business of Logistics”, RLI ranks 6th among the investors in logistics property in Germany.
Source of image: RLI Investors