Nrep and HIH Invest acquire logistics development in Bensheim, Germany
Wolfgang Ködel, Head of Nrep Germany and Felix Meyen, Managing Director of HIH Invest
▪ Circa 23,000 square metres of lettable space fully pre-let
▪ Completion scheduled for early 2027
▪ Represents second transaction by JV focused on prime German logistics developments
Urban Partners real estate arm Nrep and HIH Invest Real Estate (HIH Invest) has acquired a logistics development in Bensheim, Germany in a joint venture. The majority of the project will be financed with funds from Nrep’s Nordic Strategies Fund V (NSFV), currently the largest value-add property fund in Europe. The investment is being executed via Nrep’s logistics platform, Logicenters, and marks the second collaboration between HIH Invest and Nrep following their initial joint acquisition of a project in Herten/Rhine-Ruhr metropolitan region earlier this year.
Construction on the approximately 40,000-square-meter site in Germany’s Rhine-Neckar region is set to begin in Q1 2026. The project will deliver a total of 22,861 square meters of gross lettable area, including 18,995 square meters of logistics space, 1,879 square meters of office space, and 1,865 square meters of
mezzanine space. In addition, the development includes 122 car parking spaces. Completion and tenant handover are anticipated for early 2027. The property is already fully let on a long-term lease.
The project development offers a flexible, third-party usable space layout and can be divided into up to three rental units. The completed property will meet modern sustainability standards and adhere to taxonomy regulations, with a DGNB Gold certification as the target. The property is heated by a heat pump and the
roof is designed for a photovoltaic system. HIH Invest’s joint venture with property investor Nrep and its Logicenters platform focuses on providing
capital for sustainable logistics properties in Germany that are ready for development. The majority of the project will be financed with funds from Nrep’s Nordic Strategies Fund V (NSFV), currently the largest valueadd property fund in Europe.
Wolfgang Ködel, Head of Nrep Germany, says: “The market for high-quality 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-calibre projects, such as this latest facility in Bensheim, that further strengthen our presence in key Tier 1 locations. Together, 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, explains: “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 EUR 1.3 billion in assets under management in logistics properties”.
The location of the logistics hall in Bensheim has excellent transport links with direct access to the 5 and 67 motorways and the 47 and 460 federal highways. Frankfurt am Main Airport can be reached in around half an hour, as can the cities of Mannheim, Ludwigshafen, Heidelberg and Darmstadt. The Rhine-Neckar region
is one of the strongest economic regions in Germany.
The legal due diligence was carried out by Ashurst. Drees & Sommer provided technical advice.