Subsequent lease signed for nearly 10,000 sqm in warehouse at a prime logistics location in Kerpen near Cologne
DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany’s leading listed property companies, just managed to let, through its subsidiary RLI Investors GmbH, a unit of nearly 10,000 sqm at the logistics park on Wankelstrasse in Kerpen to Krüger Lagerlogistik GmbH (formerly GKK Logistik GmbH) right after the previous tenant moved out. The logistics park of around 30,000 sqm consists of three warehouse bays and is held in the portfolio of “RLI Logistics Fund – Germany I,” an open-ended real estate special AIF administrated by the INTREAL third-party AIFM. The park is now fully occupied.
Krüger Lagerlogistik GmbH rented the warehouse in conjunction with its further expansion strategy because it is located in the immediate vicinity of the Kerpen-based company’s principal place of business. The logistics firm moved into its new premises in early March, right after the previous tenant vacated them and after restructuring works were completed on short notice.
The logistics park is located at Wankelstrasse 13-15 and 17-19 in Kerpen-Sindorf, which is part of the greater Cologne logistics region and has direct access to the A4 and A61 motorways.