RLI Investors acquires newly built distribution centre in Bielefeld for “RLI Logistics Fund – Germany II”

RLI Investors acquires newly built distribution centre in Bielefeld for “RLI Logistics Fund – Germany II”

In an off-market transaction, the independent asset and fund manager and specialist in logistics property RLI Investors (RLI) has acquired a distribution centre in the Munster / Osnabruck region for the portfolio of the open-end special real estate fund “RLI Logistics Fund – Germany II”. Completion of the property in Bielefeld is scheduled for the end of 2019. The vendor of the asset is a joint-venture property company by Hamburg-based property team AG and HIH Real Estate GmbH. Deutsche Post Immobilien GmbH, acting for the occupier DHL Express, has taken a long lease on the entire property, comprising around 4,000
square metres of hall and office space, on a long lease.

The logistics centre stands on a ca. 21,000 square metre site in Teltower Strasse. The occupier, DHL Express, will benefit from very good regional and national links via the Bielefeld (A2/B66) intersection. DHL will put the parcel distribution centre into operation at the beginning of 2020, using it for express shipments in the B2B sector in the Bielefeld region. The new location is conceived for long-term growth. With the automatic sorting system, it can handle three times the capacity of the current Bielefeld location at Ludwig-Erhard-Allee 33. The CEP service provider is now represented in four locations in Bielefeld.

Energy-saving materials were employed in the building from the planning stage onwards. For example, the parcel distribution centre will be equipped with modern LED systems and connections for supplying electric
mobility for zero-emission local transport.

Katrin Poos, Managing Director of RLI Investors: “The Bielefeld distribution center is the second logistics property of its kind in portfolio of the RLI Logistics Fund – Germany II. We have again acquired it in an offmarket deal through the developer, property team AG, which we have come to know and appreciate as a reliable partner. With its matchless location close to the city, the largest city in the Ostwestfalen-Lippe region, this property is also ideally suited for city logistics in the long term. We are delighted to have been able to secure this modern logistics concept for our investors and further diversify the portfolio.”

The law firm Glock Liphart Probst advised RLI on legal issues. property team / HIH were advised by GSK Stockmann.

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