CBRE Investment Management (CBRE IM) has acquired a recently completed 57,000 square metres logistics park at Leipzig-Halle Airport on behalf of one of its core strategies. The seller is Invesco Real Estate. The parties agreed not to disclose the purchase price.
The logistics park at An der Autobahn 1 in Schkeuditz was completed in 2021 and achieved a German Sustainable Building Council (DGNB) Gold sustainability rating. It offers 51,300 square metres of flexible storage space which can be partitioned into five units for multi-user occupation as well as over 3,000 square metres each of office and mezzanine space. The 114,000 square metres plot also includes 131 parking spaces for cars and 14 for lorries. The property is leased long-term to Relaxdays, one of the largest e-commerce retailers in the region.
Sebastian Ehrhardt, Managing Director and Head of Transactions Germany at CBRE Investment Management commented: “The property’s micro and macro location is its main strength. Apart from excellent multimodal transport links, the Leipzig-Halle region, centrally located in both Germany and Europe, forms a strategic distribution hub for a number of sectors. This is reflected in turnover figures at Leipzig-Halle Airport which make it Germany’s second and Europe’s fourth largest airfreight hub.”
The logistics facility is located in the Airportpark industrial estate next to the A9 motorway, which links Berlin and Munich. The A14, a distributor road towards eastern Europe, and A38, which connects the region, are only a few minutes’ drive away. It lies directly adjacent to the Leipzig-Halle Airport and the affiliated rail freight hub. Public transport connections are also excellent, with nearby local train and bus station Schkeuditz West linking the site to Leipzig’s city centre as well as Halle, the largest city in Saxony-Anhalt.
Source: cbreim.com on the 13th of April 2022
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