RLI Investors acquires 50,000 sq m logistics property in the German-Belgian-Netherlands border triangle
RLI Investors (RLI), an independent asset and fund manager and specialist in logistics real estate and one of the most active investors in logistics property in the German market, has acquired a property on the Aachener Kreuz industrial estate in Würselen, North Rhine-Westphalia, for its “RLI Logistics Fund-Germany II”. The property, in the German-Belgian-Netherlands border triangle at the heart of the Meuse-Rhine Euregio, benefits from superb accessibility. The vendor is Deutsche Logistik Holding GmbH & Co. KG.
Built in 1994 and substantially extended in 2018, the asset provides ca. 50,000 sq m of logistics space. One of the two long-term tenants is Lidl Stiftung & Co. KG, which occupies 26,000 square metres in the property. The other tenant is “bike components”, an online retailer of cycle parts and accessories. Founded in 1997, the company occupies around 24,000 square metres in the property and employs over 140 staff.
Katrin Poos, Managing Director of RLI, comments: “This is the fourth property we have been able to acquire in the sought-after and well-established Cologne Lowland logistics region. Thanks to our transaction strength, we have built up considerable trust in the market. This is only one of the reasons why RLI is one of the most active investors in the German logistics property investment market in recent years. Five more properties are already in the acquisition process.”
CONDOR Immobilien, Mulheim/Ruhr brokered the acquisition of the property, while Wagensonner Rechtsanwälte handled the legal due diligence for RLI.
The vendor, Deutsche Logistik Holding (DLH), develops and realises a wide range of flexible storage, industrial and production facilities, from smaller units to medium-sized and larger premises, in high-quality locations. DLH is a subsidiary of the Real Estate division of the Zech Group, concentrating on the development and realisation of logistics properties.