Garbe Industrial acquires logistics properties from Lidl
Garbe Industrial Real Estate GmbH has acquired six logistics properties from Lidl, one of the leading companies in the food retail sector in Germany, for Garbe Logistikimmobilien Fonds Plus (GLIF +). The portfolio is only partially and short-term leased and thus has considerable potential for increasing returns.
“With this transaction, we have once again demonstrated that we can offer our investors interesting real estate investment opportunities, even in tight markets, that go beyond the usual premium segment,” says Christopher Garbe, managing director of Garbe Industrial Real Estate GmbH. “Our investors benefit from our nationwide real estate management with strong local expertise, as well as our expertise in the field of industrial and logistics real estate.”
Institutional Investment Partners acts as an asset management company for GLIF +, a core-plus-oriented logistics real estate fund. Legal acquisition consultancy was provided by the commercial law firm Hogan Lovells International LLP. In addition, the project management and consulting firm Drees & Sommer SE performed the technical purchase audit.
Since its launch at the end of 2016, GLIF + has already acquired 14 properties valued at approximately 260 million euros and achieved an average return of 13 percent.