Baker Tilly advises HIH Invest on real estate purchase for logistics fund

06/08/2022
Reading time 2 Minutes

Deal Info Presse 2022

Baker Tilly advises HIH Invest Real Estate (HIH Invest) on the acquisition of a 7,050 square meter property for the logistics fund “Deutschland+ Core Logistik Invest”. The seller is Lange Family Office (LP MG GmbH).

The property at Hamburgring 30 in Mönchengladbach is an ESG-compliant new building that has been leased for five years to an international e-commerce service provider. HIH Invest is completing the purchase by way of an asset deal for its second real estate special AIF “Deutschland+ Core Logistik Invest”, for which the investment manager is seeking certification as an “Article 8 fund”.

The Baker Tilly engagement partners, Dr. Hendrik Theismann, Attorney-at-Law, Michael Mehler, Attorney-at-Law, and Andreas Griesbach, Attorney-at-Law/Tax Advisor, accompanied the entire purchase process with a tax and legal due diligence. In addition, they acted in an advisory capacity in the run-up to and during the execution of the transaction. The legal and tax due diligence was completed by the advisory services of manager Hale Hosseinpour and manager Sebastian Scholze.

Baker Tilly's Frankfurt-based advisory team had already supported HIH Invest in the acquisition of a local shopping center in Küps, Bavaria, at the beginning of May this year.

The modern, new building in Mönchengladbach, which is also suitable for alternative use, features a high-quality, efficient fit-out with six separable hall sections. The space is divided into 6,050 square meters of logistics and 1,000 square meters of office space.

About HIH Invest Real Estate

HIH Invest Real Estate is one of the leading investment managers for real estate in Germany and Europe and is represented at ten locations throughout Europe. Assets with a volume of 17.3 billion euros are currently managed in 90 funds.

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