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Real I.S. acquires Logchain portfolio in Rotterdam for two funds

Real I.S. AG has acquired the Logchain portfolio of nine logistics properties in Rotterdam from DHG. The portfolio comprises over 100,000 m² of logistics space. The properties are located in Europoort Rotterdam and are primarily let to Estron and P&O Ferrymasters. The new acquisitions will be integrated into the Real I.S. BG VIII Europa open-ended special AIF for institutional investors and the new Realisinvest Europa open-ended real estate AIF for private investors. This marks the second acquisition for the fund within recent days, following the addition of the Moermanskkade 300 office building in Amsterdam for € 21 million to the fund’s seed portfolio [we reported]. The fund is set to be marketed to private investors in Germany in early 2020.


“Rotterdam is Europe’s gateway to the world. The port of Rotterdam plays a major role in moving goods between the European mainland and Great Britain and America, which is one of the reasons demand for logistics space close to the port is so strong. With the acquisition of the Logchain portfolio, we have secured nine attractive and modern logistics facilities, all of which are fully let on long-term leases”, explains Axel Schulz, Global Head of Investment Management at Real I.S. AG.

The Logchain portfolio consists of nine logistics properties in Rotterdam. © Intreal
“The Maasvlakte Container Terminal has recently been expanded to accommodate the world’s largest container ships, thereby securing Rotterdam’s strong position in global goods traffic for the long term. As a result, logistics space in the region will be even more sought after than ever before”, explains Melanie Grüneke, Head of Country Netherlands at Real I.S. AG.

The Logchain portfolio is located at the dock for freight and ferry vessels to and from Hull, Great Britain. The entire Rotterdam area can also be reached quickly via the A15 motorway.

The Logchain portfolio marks Real I.S. AG’s second acquisition for the new Realisinvest Europa open-ended real estate fund for private investors in Germany. The fund was launched in Q3 2019 and is due to go public with a seed portfolio of around three to four properties with an investment volume of €200 million in Q1 2020. The domestic AIF will invest in core and core plus commercial real estate in Europe, broadly diversified by type of use and location, supplemented by select investments in manage-to-core properties. Real I.S. expects an annual distribution of 2.0 to 2.5 per cent at fund level. In addition to Germany – not least due to Real I.S. AG’s local investment and market expertise – the Netherlands, France, Ireland and Spain have also been selected as potential investment markets for the fund’s portfolio.

Real I.S. BGV VIII Europe invests in core and core plus properties, supplemented by selected real estate with a manage-to-core strategy. The fund’s primary focus is on Germany and France, complemented by the Benelux countries and Spain, and is geared towards the office and retail real estate segments, with a secondary focus on mixed-use properties, logistics properties and hotels.

Real I.S. was advised by Houthoff and CBRE on the transaction. The seller was advised by Loyens & Loeff and TLF. Partner for long-term financing is BayernLB.
Photos: Intreal
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