Munich – Invesco Real Estate (IRE), a subsidiary of Invesco Ltd. that specialises in worldwide property investments, has sold a 73,500 square metre logistics property in Hainichen (Saxony) to a fund managed by Hines. The sale was conducted on behalf of Invesco’s European Value Add Fund II (EVAF II) and the property was acquired by Hines for its open-ended core plus fund Hines European Property Partners.
Completed in December 2022, the property is situated in the town of Hainichen in Saxony, between Dresden and Chemnitz, and comprises two warehouse complexes with seven lettable units built to the highest sustainability standards. It is strategically located close to the A4 motorway and fully let to a major German retailer.
A CMS team headed by partner Dr Oliver Thurn advised Invesco Real Estate on all legal aspects of the transaction. The team headed by the Munich-based CMS partner advises Invesco Real Estate on a regular basis, with a recent example being the sale of a logistics facility at Airport Park Leipzig.
CMS Germany
Dr Oliver Thurn, Lead Partner
Anna-Lena Löcherbach, Counsel
Nina Fink, Associate, all Corporate/M&A
Dr Stefan Höß, Partner
Simone Adelwarth, Senior Associate
Dr Hubert Schmid, Senior Associate, all Real Estate & Public
Prof. Angelika Thies, Partner
Anastasia Papadelli, Counsel, both Tax
Press Contact
presse@cms-hs.com
