Office
25 Rue de Clichy, Paris
A characterful, 19th century office building in the heart of Paris
About the building
Heinrich-Barth-Straße is a state-of-the-art logistics facility of nearly 45,000 square meters. Its current tenant, a third-party logistics company, has a 10-year fixed lease. The property is located in the greater Cologne-Bonn area. The site is very well connected to the major highways A1, A61 and A565 which form an integral part of a dense motorway network that crosses the region. A nearby bus stop ensures access to public transportation as well.
Investment rationale
The LaSalle E-REGI team has invested in the facility as it is a state-of-the-art property capable of generating a long-term stable cash flow with very good re-leasing options due to its high flexibility.
The property’s prime location near three major cities and three major motorways makes it particularly desirable to logistics companies such as the current tenant, and the expected growth of e-commerce will continue to drive the importance of well-located logistics assets such as Heinrich-Barth-Straße.
Improvement works
Heinrich-Barth-Straße was selected as the first asset held by the LaSalle E-REGI Fund to have a solar panel system installed on its roof as it is both relatively new (built in 2019) and offers an ample amount of roof space (40,000 square meters). The solar power system is due to be installed in late 2022 and comes with a 20-year lease agreement.
Due to the size of the installation, enough energy should be produced to power approximately 1,400 homes and reduce carbon dioxide emissions by over 2,000 tons per year. The energy will be made available to the tenant at stable and low prices, which gives the building another competitive advantage.
Recognition
Heinrich-Barth-Straße has been certified DGNB Gold. Once the solar panel system has been installed, the asset will be re-assessed.
Gallery
Heinrich-Barth-Straße, Bonn is part of the LaSalle E-REGI portfolio
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Important information
The assets presented are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of any future investments to be made by the Fund or returns on any such investments. This information has been prepared by LaSalle in order to illustrate the type of assets held and/or transactions completed by the Fund; transactions for properties exhibiting the same or similar characteristics may not be available or profitable in the future.