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13 February 20242 minute read

DLA Piper advises Aviva Investors on the acquisition of a logistics center

DLA Piper has advised Aviva Investors on the acquisition of a newly developed logistics hub located in the Kitzingen region of Bavaria, Germany from Scannell Properties.

The building, which is situated in the ConneKT Logistics Park, was completed in July 2023 and is fossil-fuel free, offering nearly 12,000 sqm of warehousing space. It is fully pre-let to an online retailer on a 15-year lease, whilst being located strategically with access to the A3 and A7 motorway networks.

Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom.

The Frankfurt-based DLA Piper team was led by partner Fabian Mühlen (Real Estate) and also included partners Dr Marie-Theres Rämer (Tax), Eike Neugebauer, counsel Tobias Daubert (both Finance/Real Estate Finance), senior associates Franziska Weinzierl, Dr Philipp Reclam, Konstantin Decker-Horz (all Real Estate), Albina Daka (Tax) and associates Tina Popp (Real Estate), Markus Kremer (Finance/Real Estate Finance) and consultant Sabrina Ulbrich (Tax).

From the DLA Piper office in Leeds, partner Kirstie Allerton, senior associate Carol Conway and associate Daniel Crichton (all Finance) were involved. From the Luxembourg office, partner Xavier Guzman, senior associate Yann Zellet and associate Tiziana Olivetti (all Finance) advised on the transaction.