LIP Invest, leading investment manager for Logistics Real Estate in Germany, is acquiring a property built in 2018 for one of its logistics funds. The logistics property is located in Hildesheim, Baurat-Köhler-Straße 18. The seller is a private investor from Bavaria. In the off-market transaction, LIP was supported by Mocuntia for the technical due diligence, by LPA for the legal, by WTS for the tax and by ES EnviroSustain for the ESG due diligence.
The total building area of almost 10,000 sqm is divided into two hall units of equal size, so that the space can be used flexible. The logistics property combines the building characteristics of a distribution centre with those of a transshipment property and is therefore suitable for a diverse, cross-sector use. In addition to the hall area, 1,350 sqm are set up as outdoor storage space. The fixtures for office and social areas take up 400 square meters. In 2019, an extension was built on the western façade for charging electric forklifts.
There are extensive delivery options on all four sides of the hall: The 9 ground-level access gates are partially covered to enable weather-free goods handling. In addition, the building has 8 loading gates with dock levellers, of which 4 are designed as jumbo gates. The generous manoeuvring area of 9,400 square meters offers additional space for 20 trucks. The property can be completely bypassed and is planted with a surrounding green strip. A turnstile provides access to the site from a separate parking area with 72 parking spaces.
Tenant Coca-Cola has been based in Hildesheim for more than 30 years and operates here one of its two largest production facilities in Germany. The beverage manufacturer has been using the logistics centre acquired by LIP since it was built in 2018. It lies only 4 kilometres from the Hildesheim production site and is used for the distribution to retail and catering customers in the extensive distribution network throughout Germany.
From the Hildesheim location, extensive distribution is possible due to the nearby A7 and A2. The Hanover-Lehrte container hub, just under 30 kilometres away, recently started regular operations and offers direct train connections to Duisburg, Munich and Verona, among others. Hanover Airport, 48 kilometres away, is ideal for handling time-sensitive goods.
“With Hildesheim, we are acquiring a top property with very good transport connections for our portfolio. In addition, the roof structure of the existing property allows the installation of a photovoltaic system. That fits in well with our ESG strategy for the fund properties – gradually, we want to use all roof areas to generate renewable energy. Our asset management team has therefore examined the portfolio properties and will stepwise implement the necessary measures,” said Sebastian Betz, Managing Director at LIP Invest.
