LIP leases logistics property to L.I.T. Group

LIP Invest, a leading provider of real estate special funds for institutional investors in the asset class of logistics properties in Germany, has acquired a recently completed distribution center at Senator-Blase-Straße 19 in Bremen for one of its logistics funds. LIP reached an agreement with the seller, the L.I.T. Group, in an off-market transaction. During the acquisition, LIP was legally and tax-wise supported by Walch Rittberg Nagel and in the ESG due diligence by ES EnviroSustain.

(Bremen) Alea real was responsible for the technical due diligence and ongoing construction monitoring. The new building was financed by Sparkasse Bremen. On a plot of 31,100 square meters, a logistics property with a total rental area of approximately 21,000 square meters was constructed within ten months. The hall area amounts to 18,100 square meters, while 1,300 square meters are allocated to the mezzanine area and 1,350 square meters to office and social areas. Access can be flexibly provided via 16 loading docks, six of which are jumbo, as well as two ground-level access gates. The property is equipped with 35 car parking spaces, four truck parking spaces, and 39 bicycle parking spaces. Additionally, there is good access to the public bicycle and public transport network.

The property is certified according to DGNB Gold. LIP’s sister company, AvanLog Solar, is installing a photovoltaic system on the roof with a capacity of 2,025 kilowatt peak. The solar system positively impacts the CO₂ footprint of the property and enables direct power supply to the tenant or equivalently to up to 667 households. The installed charging stations for cars and e-bikes can also be powered by solar energy.

L.I.T. Lager und Logistik GmbH leases long-term

L.I.T. Lager und Logistik is leasing the new building long-term. The company provides logistics services for numerous customers from trade and industry. At the new location in the Bremen GVZ, import containers for trade customers will be unloaded, the goods stored, and subsequently prepared for shipping based on orders.

With a possible 24/7 operation, multimodal connections, and access to German seaports, the Bremen freight transport center offers significant location advantages for the logistics industry. The location is particularly well-suited for import and export logistics as well as extensive distribution due to its trimodal connection to rail and waterways.

No undeveloped plots available in Bremen GVZ

“In logistics properties, ‘proximity’ remains the key factor, especially proximity to logistics-relevant infrastructure. The limited spaces in freight transport centers are therefore particularly sought after. In the Bremen GVZ, the most significant in Germany, there are now no undeveloped urban plots available. We are therefore even more pleased that we were able to secure this new building for our fund and add another modern logistics property in a favorable location to our portfolio,” said Bodo Hollungan on the occasion of the ceremonial handover.

Photo: © LIP Invest