Warburg-HIH Invest Real Estate (“Warburg-HIH Invest”) just acquired a logistics property located in Henstedt-Ulzburg on behalf of its “Warburg-HIH Logistik Deutschland Invest” open-ended special AIF. It was sold by the municipality of Henstedt-Ulzburg.
The logistics property is located in the immediate vicinity of the A7 motorway. Hamburg’s airport is 20 minutes away by car, while it takes 35 minutes to get to the central railway station and 40 minutes to the port. Hamburg counts among the top logistics regions in Germany and is a major global aircraft industry hub.
Verdion is developing the property in close collaboration with Warburg-HIH Invest. The plot, which extends over 33,350 square metres, provides a gross lettable area of around 19,250 square metres and 153 car parking spots. The lettable area total breaks down into around 15,350 square metres of warehouse and logistics space, and around 3,250 square metres of office space. In Boeing Distribution Services, Warburg-HIH Invest found a long-term tenant who will operate its European distribution centre for the maintenance and repair business here, employing around 190 staff. The development is scheduled for completion by the first quarter of 2022. It is planned to have the building certified under the “Gold” sustainability standard of the DGNB German Sustainable Building Council. The transaction took the form of an asset deal. It was agreed not to disclose the selling price.
The “Warburg-HIH Deutschland Logistik Invest” acquires new high-spec logistics warehouses with great alternative use potential in Germany. The target volume of the investment fund is to be 500 million euros. The total equity in the amount of 275 million euros has already been fully collected from the institutional investors.
The long-term tenant, Boeing Distribution Services, is one of the world’s leading providers of aerospace fasteners and consumables as well as of customer-service warehouse management solutions. Its 50 branch locations across the globe are staffed by around 2,400 employees.
Photo caption Spatenstich (f.l.t.r.):
Jürgen Otte, Managing Director Distribution Services, Boeing Deutschland;
Hans-Joachim Lehmann, Managing Director, Warburg-HIH Invest Real Estate;
Dr. Michael Haidinger, President, Boeing Deutschland;
Birgitt Pohlkamp, Vice President Sales EMEAI, Boeing Distribution Services;
Ulrike Schmidt, Mayor of the Municipality of Henstedt-Ulzburg;
André Banschus, Executive Director, Verdion;
Rainer Granitza, Division Manager Construction, LIST Bau Nordhorn;
Sebastian Döll, Economic Development Manager Henstedt-Ulzburg Municipality;
Dr. Bernd Bösche, Managing Director, Business Development and Technology Transfer Schleswig-Holstein;
Timo Balke, Director Operations, Boeing
Source : Warburg-HIH Invest Real Estate