Munich-based logistics investment specialist LIP Invest has acquired a German logistics centre located strategically next to the Dutch border from local warehouse firm Habacker Holding.
Financial details were not disclosed.
The off-market deal represents the ninth purchase this year for the open-ended LIP Real Estate Investment - Logistics Germany fund.
'With the acquisition of the logistics center Nettetal, we continue to rely on the booming e-commerce market,' said Bodo Hollung, shareholder and managing director of LIP Invest.
Situated in Nettetal, over the border from Venlo, the property is leased long-term to Röhlig Logistics, a global logistics specialist based in Bremen.
Röhlig Logistics said it would operate the e-commerce business of a US-based supplier of household and sanitary products on the 6.1 ha property.
The building, which is divided into three sections, has around 28,000 m2 of hall space, 3,000 m2 of mezzanine space and 800 m2 of office space. The property is certified gold according to DGNB criteria.
LIP was supported on legal matters by Eversheds Sutherland, on tax by Ebner Stolz and received technical supported from Drees & Sommer.