Commerz Real Expands Logistic Investments

Commerz Real just acquired a logistics property that is about to be raised in immediate proximity of the Frankfurt International Airport. An exclusive lease for the property with a fixed term of at least ten years has been signed with DHL Express Germany GmbH. The company is the world’s market leader in the international express shipping business. Following its completion in 2009, the property will be added to Commerz Real’s EURO LOGISTIK 1 institutional fund. The total investment volume equals roughly 16 million euros. The property was sold by the developer Harder & Partner.

“The property is characterised by an outstanding quality of location. With the continued expansion of the air cargo business, demand for well-developed logistics floor space in immediate vicinity of the airport is bound to rise in the coming years,” thus the expectation of Hans-Joachim Kühl, Member of the Board of Commerz Real and in charge of real estate acquisitions.

“Considering this development we have stepped up our commitments on the logistics market across our various investment funds. Two months ago, we acquired a distribution complex near London’s Stansted airport for our ‘hausInvest europa’ open-ended real estate fund.”
Situated on a 30,600 m² plot, the “DHL-Express Germany GmbH Service Center” will have a gross lettable floor area of about 7,800 m². The warehouse and logistics spaces – built to suit the latest standards in express shipping – cover about 5,700 m². In addition, the complex includes office space totalling about 2,100 m². The property is licensed for 24-hour operation.

The location belongs to the so-called Mönchhof area. Covering 110 hectares, it is the largest industrial area under development in the Rhine/Main region, and accordingly offers attractive options for expansion. What with the immediate proximity of Frankfurt Airport and the direct access to the A3 and A67 motorways, the concept of usage focuses on logistics and aviation companies.