LIP Invest adds to German logistics assets


Logistics investor LIP has added a fifth property to its LIP Logistics Property Fund with a €20m acquisition in Hannover.

Located in Lehrte, east of the main city of Hannover, the 236,800 sq ft distribution centre is let on long-term lease to furniture, electronic locks and construction fittings supplier Häfele and was acquired from bauwo Grundstücksgesellschaft.

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