RLI Investors acts on acquisition and development of logistics park near Berlin


RLI Investors (RLI), an independent asset and fund manager specialising in logistics real estate in Germany, has acted, as part of an advisory mandate, on the acquisition of a logistics park for Hoppegarten Investment Sarl.

The seller is Hoppegarten Park Property and the purchase price is around EUR70 million.
 
RLI manages the planned development of around 30,000 square meters of new logistics space on the site. The related marketing will be implemented by the brokers Realogis together with RLI and the owner.
 
The transaction is one of the major deals during the recent twelve months in the Berlin area. The logistics park, which was built in sections, is located in the emerging logistics region Hoppegarten business park near Berlin and consists of five logistics properties and an office building. The asset comprises a total of around 70,000 square meters of storage space and an office space of around 5,000 square meters.
 
The properties are nearly fully let. The main tenants are the logistics service provider Rhenus and the department store chain Kaufhof.
 
In addition to high quality and construction standards as well as the attractive expansion options the logistics park is characterised by excellent transport connections via the adjacent B1 to the Berlin Ring (A10), which is just five kilometres away.
 
Clifford Chance advised the seller on the legal aspects of the transaction. The deal was brokered by commercial agent Debitos.
 
In addition to its own fund business, RLI advises international fund and asset managers on the acquisition of logistics real estate to diversify their portfolio and subsequently assists in the management of the property. In March 2018 RLI advised Barings Real Estate on the market and technical side during the due diligence phase when it acquired the Karstadt central warehouse in Unna near Dortmund. In addition, RLI will take over the property management of the logistics object. Other mandates are in discussion.
 

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