VALUES acquires Coreport Leipzig from Intaurus - New premium logistics building with 55,000 square metres of rental space at the air hub - Mytheresa is the sole long-term tenant

Frankfurt am Main / Dachau / Leipzig, 27 June 2023 - VALUES Real Estate has acquired Coreport Leipzig II from the Intaurus Group, a developer and manager of selected industrial, logistics and commercial properties headquartered in Dachau. Coreport Leipzig II in Paul-Thiersch-Straße in Schkeuditz at the Leipzig/Halle air and motorway hub was completed at the end of May 2023 with a total lettable area of approx. 55,000 square metres. The sole tenant of the DGNB Gold-certified premium logistics property is Mytheresa, an established online retailer in the luxury fashion sector. In future, it will supply its customers throughout Germany and worldwide from the Leipzig/Halle hub. The new building will be part of the institutional VALUES logistics property fund. The WAULT is ten years. There are plans to install a PV system on the roof in order to generate a large proportion of the energy required for operations from renewable sources.

"The project development near Leipzig fulfils the highest standards in terms of function, technology, ecology and design. The third-party usability and its exposed location at the A-location of the international Leipzig/Halle air hub and at the motorway junction of the A9 and A14 make this core property an attractive investment for our VALUES logistics property fund. In addition, the property is used by a tenant that sells its products to a clientele with strong purchasing power, regardless of the economic cycle," says Sonja Ebeling, Managing Partner, VALUES Industrial GmbH, a subsidiary of the VALUES Real Estate group of companies.

"Our long-standing, trusting cooperation with VALUES has endured even under changed market conditions. This deal shows that transactions are still possible at present," says Oliver Raigel, Managing Partner of the Intaurus Group.

The parties have agreed not to disclose the purchase price. The transaction was accompanied by CBRE. VALUES Real Estate received technical and ESG advice on the purchase from TA Europe. GÖRG carried out the legal due diligence on behalf of the buyer, while Glock Liphart Probst & Partner advised the seller.

The VALUES logistics property fund is an open-ended special AIF. It is aimed at German professional and semi-professional investors. The target fund volume is 500 million euros. Its risk profile is Core/Core Plus. The fund strategy is to acquire a property portfolio of logistics and light industrial properties in specific prime locations in A and B locations at logistics hubs in regions with a pronounced industrial cluster in Germany.

Handover of the new premium logistics building at the Leipzig air hub by Intaurus to owner VALUES Real Estate and tenant Mytheresa (from left to right): Kai-Oliver Becker, GOLDBECK Nord GmbH, Authorised Officer and Branch Manager (GU), Oliver Raigel, Managing Director, Intaurus GmbH (project developer and seller), Sonja Ebeling, Managing Partner VALUES Real Estate, Sebastian Dietzmann, Chief Operating Officer, Mytheresa (tenant).

About VALUES Real Estate

VALUES Real Estate is a nationwide project development and investment company which, with its own capital management company, covers the entire value chain of the property market from a single source. VALUES invests together with private investors and institutional capital partners. To date, the company has initiated 12 institutional investment vehicles. VALUES Real Estate focuses on the asset classes office, inner-city commercial buildings, retail parks, logistics and social infrastructure as well as health in specific prime locations. The AuM volume under management currently amounts to around 5 billion euros. As a project developer, VALUES Real Estate pursues the goal of further developing urban spaces with new concepts and creating liveable inner-city properties and neighbourhoods. Since its foundation in 2010, VALUES Real Estate has realised a total of 14 project developments across Germany with a project volume of over 1 billion euros. The group's 130 or so experts at its offices in Hamburg, Berlin, Frankfurt, Düsseldorf and Grünwald/Munich have in-depth regional market expertise.

www.values-realestate.de

About the Intaurus Group

Intaurus acquires, develops and manages selected industrial and commercial properties in southern Germany. The focus is on the development of commercial properties and the revitalisation of industrial properties with maintenance backlogs. Intaurus makes a significant contribution to climate protection through energy-efficient refurbishments and measures that preserve the substance of the property wherever possible. The tenants of the company, which was founded in 2005, benefit from low energy costs and therefore genuine sustainability.
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Contact us

VALUES. Real Estate Holding GmbH
Rüdiger Heide
Head of Communications

Mattentwiete 8
20457 Hamburg, Germany

t +49 40 334661-100
m +49 171 688 7563

ruediger.heide@values-realestate.de
www.values-realestate.de