VALUES acquires nationwide DHL portfolio from DWS

Logistics real estate fund with 460 million euros fully invested

Four-part logistics portfolio acquired for VALUES logistics real estate fund - DHL as long-term tenant at the locations in Dresden, Essen, Rostock and Neusäß near Augsburg - Institutional VALUES logistics real estate fund achieves full investment with 16 properties - Successor product launched

Hamburg/Frankfurt am Main, 19 March 2024 - VALUES Real Estate has acquired a nationwide logistics portfolio with four transshipment halls from DWS' real estate mutual fund "grundbesitz Fokus Deutschland". These are the cross-dock halls used by DHL in Dresden, Essen, Rostock and Neusäß near Augsburg. The lettable area totals 20,000 square metres with a plot size of 85,000 square metres. All properties were built in 2015/16. The closing took place on 29 February 2024 and the four properties are now owned by the VALUES logistics property fund. The purchase was brokered by BNP Paribas Real Estate.

With the purchase of the DHL portfolio, the special AIF VALUES Logistikimmobilienfonds has reached its full investment. The fund now holds a total of 16 warehouses with a lettable area of around 322,000 m² and has reached its target fund volume with gross fund assets of around EUR 460 million. The distribution yields achieved are also within the forecast range. The fund properties are 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. A follow-up product is currently being pre-marketed.

"The DHL properties that have now been acquired are located in strategic network locations for the tenant and serve the last mile. This type of use is very interesting, especially as typical mechanised delivery bases are equipped with extensive on-site noise contingents and can hardly be replicated. In addition, the acquisition of modern existing properties is proving to be very attractive in view of the high construction costs in the current market environment. The long-term and value-secured triple-net rental agreements with a service provider from the CEP sector ensure a stable cash flow for the fund. The property thus contributes to the further sectoral and geographical diversification of the fund," says Sonja Ebeling, Managing Partner, VALUES Industrial GmbH, a subsidiary of the VALUES Real Estate Group.

VALUES Real Estate received technical and ESG support from Envirosustain during the purchase. The legal and tax due diligence on behalf of the buyer was carried out by GÖRG Rechtsanwälte, Frankfurt am Main.

Data on the properties in detail

- Regensburger Str. 9, 86356 Neusäß Rental space: 5,500 square metres

- Marie-Curie-Str. 14, 01139 Dresden Rental space: 5,100 square metres

- Kleine Ruhrau 16, 45279 Essen Rental space: 6,600 square metres

- Erich-Schlesinger-Str. 65, 18509 Rostock Rental space: 2,800 square metres

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Contact:
 
Rüdiger Heide
Head of Communications
 
VALUES. Real Estate Holding GmbH
 
Mattentwiete 8
20457 Hamburg, Germany
 
t +49 40 334661-100
m +49 171 688 7563
 
ruediger.heide@values-realestate.de
www.values-realestate.de