DLA Piper advises LIP Invest on the acquisition of a logistics property south of Berlin
DLA Piper has advised LIP Invest (LIP), a leading investment manager and fund initiator for logistics properties in Germany, on the acquisition of a property in Thyrow for one of its logistics funds. The property consists of an existing building and a new building, both of which are let on long-term leases. A planned extension with 2,400 m2 will be completed in 2022 and is currently available for lease. The seller of the logistics properties is BREMER Projektentwicklung.
The logistics buildings combine a total lettable area of around 14,700 m2. Thyrow is located in the south of Berlin and is part of the logistics and metropolitan region of Berlin/Brandenburg. In addition to Berlin, other sales markets in the cities of Magdeburg, Leipzig/Halle or Dresden can be served quickly. The location is suitable for both the supply of urban centres and central delivery.
LIP is a leading investment manager and fund initiator for logistics properties in Germany. With an investment volume of approximately EUR1.4 billion , the LIP portfolio now consists of 50 properties with a total lettable area of more than one million m2 and rental income of over EUR60 million. The entire property portfolio is fully let.
The Munich-based Real Estate team was led by partner Dr Martin Haller and counsel Dr Manuel Indlekofer and also included senior associates Thomas Herbst, Dr Catharina Voß and associates Dr Lilian Gutkin and Alice Hertel.