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DHL Real Estate sells logistics asset to Cordea Savills

DHL Real Estate, advised by CBRE, has sold the 15,103 sq m warehouse facility in Leipzig, to international property fund manager, Cordea Savills. The deal marks the start of a program of direct development by DHL Real Estate in EMEA, and an exciting evolution for the activity of third-party logistics occupiers, in this new development cycle. Leipzig is a strategic location within the DHL European network and the scheme has the capacity of delivering around 67,000 sq m of logistics space in total. On its completion in July, the unit will be let to DHL on a 10-year lease.

Prime logistics space across the EMEA region continues to be in very short supply, and this deal reflects a wider trend in which industrial and logistics occupiers are r...[…]