New packaging warehouse for Volkswagen in Fritzlar
The law firm SNP Schlawien has advised the project developer Hellmann Investment on the development, completion and sale of a logistics property for Volkswagen in Fritzlar (Schwalm-Eder-Kreis/Hessen). The advice included the construction and leasing to Volkswagen AG as well as the negotiation of the sales contract to an investor.
The owner is a family office represented by the London-based asset manager Ekistics Property Advisors. The so-called Ideal Packaging Warehouse (IVPL) with a warehouse area of 42,000 sqm has been built on a 10.5 ha site in the joint industrial area of the municipalities of Fritzlar, Edertal and Bad Wildungen and has now been opened. Here, approx. 140 million Volkswagen parts per year are to be packed and shipped to dealers worldwide. The property is managed by Flos Capital Real Estate from Cham, which Ekistics also advised.
Advisor Hellmann Investment GmbH
SNP Schlawien Partnerschaft mbB, Düsseldorf: Christian Lentföhr (M&A/Finance), Massimo de La Riva (Real Estate & Construction law), Friedrich Kötter-Boisserée (Tax)
Goodwin Procter, Frankfurt: Heiko Penndorf (M&A/Corporate), Felix Krüger (Tax)
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