HIH Invest and Logicenters expand German footprint

Logicenters, the logistics platform of Nrep, and HIH Invest are jointly developing a logistics site in Bensheim, Germany.

Bensheim

HIH Invest Real Estate, through its Nordic Strategies Fund V (NSF V), has partnered with Logicenters to acquire the development project, which is located on a 40,000-m2 plot in the Rhine-Neckar area. The project will create 22,861 m2 of gross leasable space, including 18,995 m2 of logistics space. 
Construction is scheduled to commence in the first quarter of 2026, with completion and handover anticipated in early 2027. The development has already been fully pre-let under a long-term lease agreement.
The Bensheim site aligns with the joint venture's focus on high-quality, sustainable logistics properties in key German locations. It offers excellent transportation links with direct access to the A5 and A67 motorways. Frankfurt am Main Airport, along with the cities of Mannheim, Ludwigshafen, Heidelberg, and Darmstadt, are all within a 30-minute reach.
The logistics property's strategic position in the Rhine-Neckar region, one of Germany's strongest economic hubs, provides a significant competitive advantage. The region's strong infrastructure, access to labour, and proximity to major population centres continue to attract logistics and distribution companies seeking centralized and scalable operations.
Lars Bothe, head of Value Add Investments at HIH Invest, stated: “The cooperation with Nrep has been successful and based on partnership. The project development in Bensheim perfectly aligns with our investment strategy on account of the pre-letting in place, combined with an energy-efficient, taxonomy-compliant building concept. As one of the largest logistics investment managers in Germany, we now manage almost €1.3 bn in assets under management in logistics properties.”
Martin Ohly, head of Logicenters Germany, added: “We’re delighted to once again join forces with HIH Invest to launch another strategically located facility in Bensheim. This joint venture underscores our shared commitment to developing state-of-the-art, sustainable logistics properties. Working with HIH enables us to meet the evolving needs of our tenants and clients with confidence and capacity.”
This project marks the second joint acquisition by HIH Invest and Nrep, following a previous collaboration in Herten, Germany.