HIH Invest Real Estate and Northern European investment firm Nrep have acquired a logistics development project in Bensheim, Germany, through their joint venture. The investment is being made via Nrep’s logistics platform, Logicenters, with financing provided primarily through Nrep’s Nordic Strategies Fund V, currently the largest value-add property fund in Europe. This marks the second transaction by the joint venture following a previous acquisition in Herten, in the Rhine-Ruhr metropolitan region. The Bensheim project will be built on a 40,000-square-metre site in the Rhine-Neckar region, with construction expected to begin in the first quarter of 2026. The development will comprise 22,861 square metres of gross lettable area, including 18,995 square metres of logistics space, 1,879 square metres of office space, and 1,865 square metres of mezzanine space. The site will also include 122 car parking spaces. Completion and tenant handover are scheduled for early 2027. The entire property is already pre-let under a long-term lease. The building design allows for flexible use and can be subdivided into up to three rental units. The project aims to meet sustainability requirements under the EU taxonomy and is targeting DGNB Gold certification. Heating will be provided via a heat pump system, and the roof will be prepared for photovoltaic installation. The joint venture between HIH Invest and Nrep focuses on financing sustainable, development-ready logistics properties in Germany. The Bensheim development aligns with this strategy, combining full pre-letting with an energy-efficient and taxonomy-compliant design. According to the companies, the site’s location offers direct access to the A5 and A67 motorways as well as federal highways B47 and B460. Major cities including Frankfurt, Mannheim, Heidelberg, Ludwigshafen, and Darmstadt are within a 30-minute drive, contributing to the region’s status as one of Germany’s key economic centres. Legal due diligence for the transaction was conducted by Ashurst, while Drees & Sommer provided technical consultancy.