LIP Invest has signed a long-term lease agreement for a 23,000-square-metre logistics facility located at Gründlacher Straße 258 in Fürth. The property will now be operated by a logistics service provider offering services including warehousing, order picking, packaging, shipping, and e-commerce fulfilment.
Previously used by multiple tenants, the facility will now function as a single-tenant property. The lease was signed on behalf of the “LIP Real Estate Investment Fund – Logistics Germany,” which acquired the asset in 2020.
According to Sebastian Betz, Managing Partner at LIP Invest, the negotiations for the lease began nearly a year ago and concluded with an agreement that benefits the fund, the tenant, and the asset manager. He noted that regular dialogue and a cooperative approach contributed to the outcome.
Alexander Decker, Director of Asset Management at LIP Invest, stated that the process was based on a commercial and technical review conducted in the spring of 2024, enabling a structured and mutually beneficial agreement.
JLL and Industrial Partners supported the leasing process. As part of the new lease, the property will be upgraded with LED lighting. It had previously undergone partial refurbishment in 2018.
The logistics centre is located in the greater Nuremberg metropolitan area, which includes Nuremberg, Fürth, and Erlangen. The region serves as a key logistics hub for southern Germany due to its transport infrastructure and strategic location.