RLI Investors buys newly-built logistics property in Leipzig logistics hotspot
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 one of the most sought-after commercial areas near Leipzig. The purchase, in an off-market transaction, is for the open-ended special real estate AIF “RLI Logistics Fund-Germany II”.
Completed this year, the property provides 13,000 square metres of lettable logistics accommodation. It is fully let to an excellent covenant, on a long lease.
The highly sought-after commercial area, ranking alongside “Star Park Halle” and “Airportpark Schkeuditz”, is in the established and efficient Halle-Leipzig logistics region, which features numerous well-known companies from various industries. Situated directly on the B6 federal road between Leipzig and Halle, it is highly accessible. Within a few kilometres there are junctions on the A9 and A14 motorways, and Leipzig-Halle airport with the DHL airfreight hub and a freight centre.
Katrin Poos, Managing Director of RLI, comments: “This property is the first we have acquired in the fast-growing Halle-Leipzig region. As well as the quality of the location, we were particularly impressed by the standard of construction of the new building. The lease to a very good covenant makes it an optimal complement to the fund portfolio that will further increase the long-term cash flow.”
Satell Rechtsanwälte advised RLI on the legal aspects of the transaction.
Source image: Netzwerk Logistik Mitteldeutschland