Baker Tilly advises HIH Invest on real estate purchase for special AIF

Frankfurt am Main, March 31, 2023 – Baker Tilly provided legal and tax advice for HIH Invest Real Estate (HIH Invest) on the acquisition of a 10,419 square meter property for the open-ended special AIF “HIH Deutschland+ Core Logistik Invest”. Seller is Malcolm 22 Immobilien GmbH. 

Baker Tilly engagement partners Dr. Hendrik Theismann, Michael Mehler (both Legal) and Andreas Griesbach (Tax) accompanied the transaction with a legal and tax due diligence as well as the contractual execution of the acquisition. Manager Hale von Metzler and Manager Sebastian Scholze (both Legal) as well as Junior Manager Juliane Büyükbalik (Tax) were also involved in the engagement. 

The light industrial property, built in 2019, is located in the logistics center in Kabelsketal (Saxony-Anhalt) between Leipzig and Halle/Saale. It has a direct connection to the highway as well as the rail network and is also located in close proximity to Leipzig/Halle Airport, one of the top 5 cargo hubs in Europe and Germany’s second largest cargo airport. The current tenant is AES Airplane Equipment & Services GmbH, a maintenance company for aviation components and freight containers.
The lease agreement has a ten-year term. The property was purchased for the open-ended special AIF “HIH Deutschland+ Core Logistik Invest”, which is aiming for a target volume of at least 500 million euros. The rental space is divided into 1,800 sqm of warehouse space, 263 sqm of office and social space, and 8,356 sqm of paved outdoor space with potential for further development. In addition to various delivery options, the logistics property offers a 24/7 use permit.

The technical and ESG audit was performed by Arcadis Germany GmbH from Hamburg, and the commercial due diligence by Logivest GmbH. Furthermore, marketing was supported by Colliers International Deutschland GmbH.

For more information on HIH Invest Real Estate, please click here.