Warburg-HIH Invest Real Estate has acquired a logistics property completed in 2019, on behalf of its Warburg-HIH Logistik Deutschland Invest open-end special AIF, from Aurelis Real Estate. It was agreed not to disclose the selling price.
Located in Dresden, Germany, on the corner of Enno-Heidebroek-Strasse 13+15 and Seidnitzer Weg 11, the property has a gross leasable area of around 15,240 square meters (164,000 square feet) and 189 car parking spots. The floor area breaks down into 11,748 square meters (126,454 square feet) of leasable warehouse and logistics space plus 1,915 square meters (20,613 square feet) of office accommodation and around 1,570 square meters (16,900 square feet) of extra shop and storage space.
In the time since spring 2020, the investment fund has built up a portfolio of seven high-end, new-build logistics warehouses with alternative use potential, which add up to a total volume of nearly €200 million ($245 million). The company already secur
