RLI buys 16,000 sqm logistics space near Berlin
RLI Investors has acquired a 16,000 sqm logistics center in Ludwigsfelde, south of Berlin. The partly vacant property, located in the industrial park “Am Birkengrund”, was built in 1994 and expanded in 1997. It is being transferred into the open-ended real estate Spezial-AIF “RLI Logistics Fund-Germany II”. The current tenant is the company Tara Palettenhandel- und Reparaturdienst. According to a press release a warehouse and a cross-dock area with 42 doors are still available for rent. It is assumed that the property will be fully let quickly; RLI says that it is already holding initial talks with potential tenants. DLA Piper advised RLI in legal matters; Realogis brokered the transaction.
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