RLI Investors secures 16,000 square metre logistics property in top southern Berlin location
RLI Investors (RLI), an independent asset and fund manager and specialist in logistics real estate and the most active investor in logistics property in the German market, has acquired a logistics property in Ludwigsfelde, the top logistics region in southern Berlin, for the open-end special real estate AIF “RLI Logistics Fund–Germany II”.
Situated in the “Am Birkengrund” industrial park, the asset, constructed in 1994 and extended in 1997, provides a lettable area of 16,000 square metres of logistics and office space.
RLI has acquired the property subject to partial vacancy. The current tenant is “Tara Palettenhandel- und Reparaturdienst GmbH”, a trader of pallets. A warehouse and a cross-dock area with 42 dock levellers for goods transhipment are available for potential tenants.
The property benefits from very good transport infrastructure and is only three minutes’ drive from the A10 motorway.
Constantly expanding online trading and the increasing same-day delivery approach are increasing the importance of transhipment and cross-dock properties close to the city. RLI anticipates that full letting can be swiftly achieved. Initial discussions with potential tenants are already under way.
Katrin Poos, Managing Director of RLI, comments: “We view the acquisition of the property with vacancy as an excellent investment for the fund, not least because it is in the location with the highest percentage rental growth in the logistics sector in Germany. The additional opportunity of offering smaller-scale solutions in southern Berlin distinguishes us from other space on offer in the region, as well as providing optimal accommodation for e-commerce.”
DLA Piper advised RLI on the legal aspects of the transaction, which was brokered by agency firm Realogis.