HIH Invest and Nrep acquire logistics development in Germany

HIH Invest and Nrep, through a joint venture, have acquired a logistics development project in Bensheim, Germany. The fully pre-let asset is scheduled for completion in early 2027.

Wolfgang Koedel with Felix Meyen

This marks their second joint venture focused on prime German logistics developments. Nrep's Nordic Strategies Fund V (NSFV) will primarily finance the project, which is being managed through Nrep's logistics platform, Logicenters.
Construction on the 40,000 m² site in the Rhine-Neckar region is planned to start in Q1 2026. The development will provide approximately 23,000 m² of leasable space, including logistics, office, and mezzanine areas, along with 122 parking spaces.
The property is designed for flexibility, allowing for division into up to three rental units, and will meet modern sustainability standards, targeting a DGNB Gold certification. It will feature a heat pump heating system and a roof prepared for photovoltaic panels.
This joint venture between HIH Invest, Nrep, and Logicenters aims to invest in sustainable, development-ready logistics properties across Germany. Earlier this year, HIH Invest and Nrep jointly acquired a project in the Herten/Rhine-Ruhr metropolitan region.
Wolfgang Ködel, head of Nrep Germany, said: "The market for logistics properties in Germany continues to face a shortage of high-quality space, even as demand for sustainable and flexible solutions remains strong. Our partnership with HIH Invest enables us to deliver targeted, high-caliber projects, such as this latest facility in Bensheim, that further strengthen our presence in key Tier 1 locations. Together, we're building a future-focused portfolio that not only meets today’s standards but also anticipates future user requirements."
Felix Meyen, managing director of HIH Invest, explained: "With the Bensheim site, we are opening up an additional highly attractive logistics cluster as part of our second venture with Nrep. We want to continue along this path and expand the portfolio accordingly. With our experience in structuring and managing such projects, we are the perfect partner for international investors."
Lars Bothe, head of Value Add Investments at HIH Invest, added: "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 €1.5 bn in assets under management in logistics properties.”
The logistics hall in Bensheim boasts excellent transport connections, with direct access to major motorways (A5 and A67) and federal highways (B47 and B460). Frankfurt am Main Airport and the major cities of Mannheim, Ludwigshafen, Heidelberg, and Darmstadt are all within a half-hour drive. The Rhine-Neckar region is a key economic hub in Germany.
Ashurst conducted the legal due diligence, while Drees & Sommer provided technical advisory services.