Pressemitteilung BoxID: 678586 (RLI Investors GmbH)
  • RLI Investors GmbH
  • Blumenstraße 17
  • 80331 München
  • Ansprechpartner
  • Anita Lang-Schmid

RLI Investors erwirbt bereits viertes Objekt für RLI Logistics Fund - Germany II

(lifePR) (Munich, ) RLI Investors (RLI), an independent asset and fund manager specialising in logistics property in Germany, has acquired yet another property for its “RLI Logistics Fund – Germany II”. Following the recent purchases in Bruchsal, Ludwigsburg and Monchengladbach, a fourth property, in Knüllwald, close to Homberg (Efze) in northern Hesse, has now been acquired. The vendor is the joint property holding company of Isarkies Wohn und Gewerbegrund GmbH & Co. KG and Hamdi Group Kronau. The purchase price is around 14 million Euro.

The property, constructed in 2016, is situated in the Knüllwald-Remsfeld commercial area, between Kassel, Marburg and Bad Hersfeld, one of the strongest logistics regions in Germany. The property, providing around 7,800 sq m of warehouse space and 27,500 sq m of surfaced exterior space, is let on a long lease to Palletways Deutschland GmbH.

This modern logistics property complies with all the Fund's requirements. Apart from the high quality of construction and finish, the property has useful extension opportunities and very good alternative use possibilities. It benefits from excellent road connections, with a junction on the A7 motorway only 500 metres away.

Luther Rechtsanwaltsgesellschaft mbH advised RLI on the legal aspects of the transaction, while Dr. Manfred Tauber of the Reitz Hilka practice acted for the vendor. The deal was brokered by commercial agent Joachimsthaler GmbH.

The open-ended special AIF “RLI Logistics Fund – Germany II” invests in a diversified portfolio of logistics property in Germany. The target investment volume is 350 to 400 million Euro. After completing its first closing in May 2017, the fund has already raised 100 million Euro from well-known institutional investors, which is now being swiftly invested. The second closing is scheduled for the end of 2017.

RLI Logistics Fund – Germany II
The investment profile of the RLI Logistics Fund – Germany II is primarily oriented on the investment strategy of its successful predecessor, RLI Logistics Fund – Germany I. In the framework of a core-plus strategy, the fund acquires logistics property, in the industrial, wholesale/retailing and e-commerce sectors, in good to very good German locations. The fund considers not only high-quality assets let on long leases but also highly adaptable properties with leases nearing expiry, as well as older buildings with good value-add potential. Using forward purchase and forward funding agreements, the fund is also able to acquire assets very early in the development phase.

RLI Investors GmbH

RLI is an independent fund initiator and investor in the logistics property asset class in the German-speaking area. It concentrates exclusively on the logistics property asset class. With its interdisciplinary team, RLI develops investment solutions for institutional investors. Benefiting from many years of experience and intensive research, RLI is ideally positioned to carry out well-founded market analyses and to make the correct investment decisions.

In 2015, together with the well-respected service KVG (capital management company) IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH, Hamburg, RLI launched the open-end logistics property special fund RLI Logistics Fund - Germany I. The fund has been fully invested since the start of 2017, with an equity placement of around 200 million EUR and an investment volume of around 340 million EUR. Its successor, RLI Logistics Fund - Germany II - is currently in the equity placement phase.