RLI Investors acquires 18,600sqm logistics property in Germany

RLI Investors is acquiring an 18,600-square-meter (200,208-square-foot) logistics property in the Rhine/Main logistics region of Germany in an off-market transaction.

The U.S.-based firm is buying the property for its open-end special AIF, RLI Logistics Fund – Germany II, which is now in the final phase of investment.

The seller was a closed-end real estate fund based in Bavaria, Germany.

“We were able to acquire the logistics property at a reasonable price, which will have an extremely positive effect on securing the planned 6.75 percent target return for the fund,” said Katrin Poos, managing director of RLI Investors. “Together with its absolutely central location in one of the most dynamic logistics regions in Germany, the decisive factor behind the acquisition of the existing property in Ginsheim-Gustavsburg was its e