Ashurst advises HIH Invest on joint-venture acquisition of a logistics development near Hannover

Ashurst has provided legal advice to HIH Invest on the acquisition of a logistics project in Garbsen, Lower Saxony, within the framework of an existing joint venture with Urban Partners. The transaction marks the joint venture’s third project, which is focused on development-ready, sustainable logistics assets in Germany. A significant portion of the financing is provided through Urban Partners’ NSF V fund, currently the largest value-add real estate fund in Europe.

The project is being developed on a site of approximately 25,000 square meters. Construction of the logistics hall is expected to commence in the first quarter of 2026, with completion and readiness for occupation anticipated by year-end 2026. The lettable area of around 15,000 square metres is fully pre-let on a long-term basis. The asset meets current sustainability requirements and will be constructed in compliance with the EU Taxonomy; DGNB Gold certification is being targeted. The building will be heated via a heat pump, and a rooftop photovoltaic installation is planned. The facility is designed for third-party use and can be subdivided into two units.

The Ashurst team, led by partner Dr Liane Muschter, advised on legal due diligence and transaction documentation. She was supported by counsel Christopher Jeschor, associate Achim Weimer and transaction lawyer Ibrahim Ünal (all Real Estate, all Frankfurt). Tax matters were handled by Tino Duttiné (partner) and Miriam Staatz (counsel).