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«Hamburg-based Union Investment Real Estate AG has acquired the logistics centre in Bad Hersfeld from Goodman Bad Hersfeld Logistics (Lux) S.a.r.l. for its ImmoInvest: Europa institutional fund. The 102,020 square metre development project will be completed in September of this year. “In line with our investment strategy, this logistics centre helps diversify the existing fund portfolio, which predominantly consists of office buildings, alongside hotel and commercial properties,” says Dr. Frank Billand, Management Board member of Union Investment Real Estate AG. “Fully let on a ten-year lease to a major online retailer, the property will give us stable rental income,” adds Billand. The transaction was brokered by property consultants Savills.
Danny Peeters, CEO Continental Europeat Goodman: “The sale of the Bad Hersfeld property is a perfect fit with Goodman’s focus on effective asset management. Set in a strategically favourable location, this logistics centre development is one of the most important projects to be built in Germany this year. The transaction highlights Goodman’s ability to respond to market demand.”
Germany is an established region within European logistics. Due to the country’s polycentric economic structure, multiple logistics regions have emerged, specialising in different aspects of the business. The Kassel/Bad Hersfeld region in particular is growing due to its central location within Germany. The micro-location benefits from excellent infrastructure, including good motorway and highway links» ( CS della Società).
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