Cologne, December 12, 2023 – evolutiq, an investment and asset management company based in Cologne, is assisting with the acquisition of a plot of land for a logistics development in Meckenheim. The transaction was made for the joint venture formed in Q3/2023 between NREP and a German family office. The closing of the transaction is planned for January 2024.

The goal is to build a modern and environmentally friendly logistics property on a plot of approximately 40,000 m², featuring about 23,000 m² of rental space. The project is being developed in line with the ambitious sustainability goals of the joint venture. The completion of the property is planned for Q1/2026. The property will be located at Heidestraße 18 in the established Meckenheim industrial area. There is direct access to the highway to the Netherlands and Belgium, as well as southern Germany.

The plot originates from the insolvency of J. Weck GmbH u. Co. KG, which is being managed by the insolvency administrator Thilo Braun from the law firm Nehring, Braun und Sozien. On the seller's side, Wintergerst Societät für Unternehmer-Beratung, BNP Paribas Real Estate, and CMS Hasche Sigle have accompanied the sales process. On the joint venture side, particularly Dentons Europe, led by Sabine Wieduwilt, has provided advisory services.

For the joint venture partners, evolutiq and NREP’s development and management platform for logistics properties, Logicenters, will act as developer and asset manager.

Tenant inquiries for the property are currently being sought. BNP Paribas Real Estate GmbH, led by Stefan Reuter, is managing the leasing process as the lead broker.

For more information, please contact:

evolutiq GmbH 

Lutz Belles, Investment Manager

Email: lutz.belles@evolutiq.com

Phone: +49 163 5064 217

Logicenters Germany

Martin Ohly, General Manager

Email: maoh@logicenters.com

Phone: +49 171 529 5277

evolutiq is an investment and asset management company with project development activities for logistics and office properties throughout Germany, focusing on digital and sustainable projects. evolutiq reinvests in its future growth as well as in philanthropic activities, aiming to make a sustainable contribution to the economy and society. For more information: www.evolutiq.com.

NREP is the largest real estate investment manager in the Nordic countries with a managed asset volume of around 19 billion euros. NREP is recognized as a pioneer in sustainability and has committed to decarbonizing its real estate portfolio by 2028. Previous pioneering initiatives include the use of CO2-neutral geothermal heating systems, projects such as the world's first building made of 100% recycled concrete, and the "UN17 Village," the first large project to meet all 17 Sustainable Development Goals of the United Nations. For more information: www.nrep.com.

Logicenters is a leading developer and owner of modern logistics properties with a presence in Sweden, Denmark, Norway, Finland, Germany, and Poland and over 2 million m² of logistics space. The company develops, builds, and owns modern logistics properties at key locations in the region. Logicenters specializes in modern logistics, ensuring that all properties meet the high standards of quality, efficiency, and flexibility demanded by world-class logistics companies. Logicenters was founded in 2015 by NREP. For more information: www.logicenters.com.