LIP Invest, leading provider of special real estate funds in the asset class of logistics real estate in Germany, acquires a distribution centre in Minden, Magdeburgstraße 19, for its real estate special AIF “LIP Real Estate Investment Fund – Logistics Germany IV”. The property is leased long-term to the seller, Hölkemeier Spedition, as part of a sale-and-lease-back transaction. LIP was supported technically by KAPCO, legally and fiscally by Walch Rittberg Nagel and by Stane for the ESG due diligence.
The property, built in 2017 and 2018, consists of three single-storey logistics halls with a total lettable area of around 17,500 square metres. This is divided into 17,000 square metres of hall space and 500 square metres of office and social space. Each hall has separate low yards and ground-level access gates. Flexible access is possible via 11 ramp gates and 9 ground-level gates. There are 27 parking spaces available on site.
On the roof surfaces, LIP’s sister company AvanLog Solar is installing a photovoltaic system with subsequent direct power supply to the tenant. The self-consumption system can produce up to 1,500 mWh of electricity annually. In addition, two e-charging points have been pre-equipped at the site and water-saving fittings are in use, so that consumption is significantly below benchmarks. The water stress level in the region is also counteracted by the large-scale infiltration of rainwater on the property.
Long-term green lease agreement with Hölkemeier Spedition
Seller and tenant, the Hölkemeier Spedition GmbH, is a medium-sized company based in Minden. Its core activity is classic transport and warehouse logistics. The logistics service provider leases the property on a long-term basis. A lease agreement including sustainability clauses has been agreed between LIP and Hölkemeier, so that a sustainable management of the logistics space by both parties is guaranteed. At the Minden site, Hölkemeier Spedition handles incoming goods, storage, order picking and shipping for customers from industry and trade.
The distribution centre is well connected via the A2 to the west in the direction of the Ruhr area and to the east in the direction of Hanover, Magdeburg and Berlin. Due to its advantageous location and trimodal transport connections, the location is suitable for wide-range distribution and the handling of import and export activities.
“Thanks to our solutions, which are especially tailored to logistics companies, we were once again able to acquire a property in a sale-and-lease-back. By that, logistics companies can continue to use the property as if it were their own and at the same time receive liquid funds for digital transformation, new technologies, new distribution channels or investments in their core business. With Minden, we were able to gain an attractive, as-new logistics property for our fund despite the challenging environment of interest rate increases and high inflation,” says Bodo Hollung, Partner and Managing Director of LIP Invest.
Disclaimer
Marketing ad. Please read the investment conditions and other contractual documents, the information document pursuant to Section 307 Paragraphs 1 and 2 KAGB (“Section 307 Document”), the key investor information and the last annual report of the “LIP REAL ESTATE INVESTMENT FUND – LOGISTICS GERMANY IV” (hereinafter “Fund”) before making any final investment decision. These are only available in German. A summary of investor rights is available in German in electronic format at https://www.intreal.com/wp-content/uploads/2021/07/summary-of-investor-rights.pdf. On request, we will send you the aforementioned documents in paper form free of charge. You can request this from LIP Invest GmbH, Rosental 6, 80331 Munich or from IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (“INTREAL”), Ferdinandstraße 61, 20095 Hamburg.
The fund is an open special AIF with fixed investment conditions in accordance with Section 284 KAGB and may not be sold to private investors within the meaning of Section 1 (19) No. 31 KAGB. The Fund is not an actively managed fund and is not managed in relation to a Benchmark Index.
With the acquisition of shares, you acquire shares in the fund and do not acquire the assets held by the fund (e.g. real estate), which are acquired by INTREAL for the account of the fund. The fund invests particularly in real estate and therefore in illiquid assets. It can sometimes be difficult to sell these. Please refer to the Section 307 Document for a full discussion of the risks associated with investing in the Fund. You can also find the main risks in the key investor information. The future performance of the fund also depends on the personal situation of the investor with regard to their taxation and may change in the future.
