LIP Invest concludes follow up lease agreement for logistics property in Hildesheim

LIP Invest, a leading provider of special real estate funds in the asset class of logistics real estate in Germany, concludes a follow-up rental agreement with the current tenant for the distribution center in Hildesheim.

Due to a sharp increase in production volume, the storage and loading capacities at the site in Baurat-Köhler-Straße are no longer sufficient for the current user, a well-known beverage manufacturer. The tenant is therefore having a new logistics property built approximately 35 kilometers south of Hildesheim, which is more than twice as large. Following its completion, the previous location will be vacated on June 30, 2025.

The modern logistics property, built in 2018, has around 9,500 square meters of hall space, 400 square meters of office and social areas, a paved outdoor storage area of 1,350 square meters as well as 20 truck and 72 car parking spaces.

In addition, the property can be accessed from all sides via 8 dock levellers and 9 ground-level doors. This makes the hall suitable for many uses. Due to the large outdoor storage area, it is particularly suitable for beverage logistics.

The logistics property is part of the "LIP Real Estate Investment Fund – Logistics Germany III" fund portfolio, which is managed by INTREAL, as is LIP Logistics Fund No. 5, which is currently being placed. The entire LIP logistics property portfolio with 1.4 million square meters of rental space is fully let.