Volkswagen Warehouse, Kassel, Germany
A newly built logistics warehouse of more than 1.1 million square feet located close to the manufacturing plant. The property is on a long lease with annual fixed rental increases.
- This newly built logistics warehouse of more than 1.1 million square feet (105,310 square metre) is located near Kassel and provides spare parts storage for Volkswagen.
- Adjoining a sister warehouse of 50,000 square metre, completed in 2012, it satisfies Volkswagen’s obligation to provide spare parts for its cars for at least 15 years post manufacture. The property is convenient for Volkswagen, having direct road and rail connection to their manufacturing plant in Kassel.
- The property is leased on a new triple net 10-year lease with fixed annual indexation of 1.5%.
The facility is leased to Rudolf Logistics who operate it, guaranteed by Volkswagen and has tenant extension options at expiry.
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