HIH Invest adds to core logistics fund with Bavaria buy

HIH Invest Real Estate has acquired a 12,500 m2 logistics property in Pfaffenhofen an der Ilm, Bavaria, for its open-ended special fund, HIH Deutschland+ Core Logistik Invest. 

Pfaffenhofen an der Ilm

The seller is Intaurus Group, a German company specializing in acquiring and developing industrial and commercial properties. Completed in June 2025, the property is located in the Kuglhof industrial park at Schäfflerstraße 14, providing direct access to the A9 motorway and being approximately 40 kilometres from Munich Airport. The purchase price remains confidential.
The property comprises 10,200 m2 of warehouse space, 1,330 m2 of mezzanine space, and 910 m2 of office and social space, along with 57 parking spaces. New Flag, an international hair and beauty products company based in Munich, is the primary tenant, having signed a ten-year lease with an option to extend.
Constructed according to DGNB Gold Standard criteria, the building incorporates a heat pump and a photovoltaic system. Its modular design allows for division into two separate units if needed, ensuring flexibility.
Maximilian Tappert, head of Transaction Management Logistics at HIH Invest, said: "Pfaffenhofen offers excellent conditions as a logistics location. Its proximity to Munich and Ingolstadt, combined with more moderate rents than in the metropolis, makes the location particularly attractive for companies in e-commerce, pharmaceuticals, and industry." 
Andreas Strey, co-head of Fund Management and Head of Logistics at HIH Invest, commented: "The property combines an excellent location in the heart of southern Germany with a sustainable building concept. With the long-term lease, we are securing stable cash flows for the fund."
Oliver Raigel, managing director of the Intaurus Group, added: "We were able to develop a flexible, state-of-the-art logistics property at the Pfaffenhofen site, taking all sustainability factors into account. We would like to express our sincere gratitude to the HIH Invest team for the trusting and cooperative sales process." 
This new logistics building marks HIH Invest's eighth acquisition for the HIH Deutschland+ Core Logistics Invest fund. Three of these properties are located in the Netherlands, with the rest situated in Germany. The fund aims to reach a target volume of at least €300 mln, focusing on modern core logistics properties with excellent alternative use potential and high ESG standards. 
The minimum investment amount is €5 mln, targeting institutional investors and credit institutions. While the primary investment location is Germany, approximately 30% of the fund's capital is allocated to neighbouring countries like the Netherlands, France, and Austria. 
Baker Tilly provided legal and tax due diligence for HIH Invest, while JT Solutions handled the technical and ESG due diligence. The Intaurus Group received legal advice from Glock Liphart Probst & Partner. Realogis acted as the broker for the transaction.