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Frankfurt, 04.07.2019

Realogis brokers 20,000 sqm to food manufacturer in Mainz

In a deal advised and brokered by Realogis, a food manufacturer has concluded a long-term lease in Mainz Bodenheim for a high-quality logistics facility. The property, with the address Lange Ruthe 14, will provide the new user with a total of 20,300 sqm of modern logistics space and 450 sqm of office and social space as from early autumn 2019. The property is owned by AXA Investment Managers - Real Assets, on behalf of clients.

 

This leasing success, which was achieved by the leading consulting firm for letting and investments in industrial and logistics properties, represents the largest lease so far in the second quarter of 2019 in industrial and logistics properties in the Rhine-Main region.

 

“High-quality logistics properties in a consistently good location such as this are extremely rare,” said Julian Petri, Department Head of Letting and authorised signatory at Realogis Immobilien Frankfurt GmbH. “Overall, the supply of large spaces in metropolitan areas is declining significantly.”

 

With the lease, the logistics park, which comprises a total of 40,000 sqm and is located to the south of Mainz on the A 60 highway, is seamlessly fully let.

 

CBRE advised the owner during the Transaction.