HIH Invest Real Estate has acquired a light-industrial property in Germany next to the Leipzig/Halle Airport, a major air freight handling center.
The property is located at a logistics center between the cities of Leipzig and Halle/Saale with direct access to the motorway and railway networks.
The property has a leasable area of 10,419 square meters (112,149 square feet) and is tenant-occupied by AES Airplane Equipment & Services (AES), a maintenance business for aircraft components and air cargo containers. The lease agreement, concluded for a 10-year term, is set to expire in 2033.
“Logistics represent the lifeline of a functioning economy and are coping splendidly with the current challenges,” said Maximilian Tappert, head of transaction management logistics at HIH Invest. “But demand continues to exceed the supply in modern facilities by far. In the Leipzig/Halle region, which has evolved into a logistics hotspot in recent years, there is a shorta