In the 4th quarter of 2022, we were able to successfully sell a logistics area in Hannover-Anderten to an institutional investor. The seller is a Hamburg owner. The multi-tenant property has around 14,000 m² of rental space on a 25,000 m² site and is let to eight tenants. The purchase price was €14 million, which corresponds to a purchase price factor of around 18.5.
The property was brokered by Lütgen Breiholdt Immobilien GmbH & Co. KG in an exclusive mandate.