Frankfurt, Germany

CBRE Investment Management Acquires Logistics Park at Leipzig-Halle Airport, Germany

57,000 sq m of new logistics space at major European airfreight hub

April 13, 2022

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Helen Stott

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CBRE Investment Management (CBRE IM) has acquired a recently completed 57,000 sq m logistics park at Leipzig-Halle Airport on behalf of one of its core strategies. The seller is Invesco Real Estate. The parties agreed not to disclose the purchase price.

The logistics park at An der Autobahn 1 in Schkeuditz was completed in 2021 and achieved a German Sustainable Building Council (DGNB) Gold sustainability rating. It offers 51,300 sq m of flexible storage space which can be partitioned into five units for multi-user occupation as well as over 3,000 sq m each of office and mezzanine space. The 114,000 sq m plot also includes 131 parking spaces for cars and 14 for lorries. The property is leased long-term to Relaxdays, one of the largest e-commerce retailers in the region.

Sebastian Ehrhardt, Managing Director and Head of Transactions Germany at CBRE Investment Management commented: “The property’s micro and macro location is its main strength. Apart from excellent multimodal transport links, the Leipzig-Halle region, centrally located in both Germany and Europe, forms a strategic distribution hub for a number of sectors. This is reflected in turnover figures at Leipzig-Halle Airport which make it Germany’s second and Europe’s fourth largest airfreight hub.”

The logistics facility is located in the Airportpark industrial estate next to the A9 motorway, which links Berlin and Munich. The A14, a distributor road towards eastern Europe, and A38, which connects the region, are only a few minutes’ drive away. It lies directly adjacent to the Leipzig-Halle Airport and the affiliated rail freight hub. Public transport connections are also excellent, with nearby local train and bus station Schkeuditz West linking the site to Leipzig’s city centre as well as Halle, the largest city in Saxony-Anhalt.

Jean-Antoine Robert, Senior Portfolio Manager at CBRE Investment Management added: “Our mandate is pursuing a long-term investment strategy in core western European markets. The property is a great addition to our portfolio thanks to its location at this prominent logistics hub, the flexible building layout and sustainability credentials. We believe it will deliver stable cash flows and maintain its strong market positioning for years to come.”

In the transaction, CBRE IM was advised by Linklaters (legal), Dress & Sommer (technical) and E&Y (tax and financial).

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $141.9 billion in assets under management* as of December 31, 2021, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2021 revenue). CBRE has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.