Allianz and DHL join forces on a leading edge, sustainable, pan-European logistics development pipeline

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Set to complete between Q1 2023 to Q1 2024, the portfolio represents one of Allianz Real Estate’s largest single logistics sector acquisitions, in terms of gross leasable area, to date: in total the five facilities will cover over 200,000 sqm.

DHL, responsible for the development and delivery of the assets, will occupy at least 85% of the facilities on long-term leases post completion. The facilities are located in the Netherlands, Poland and Finland and cover four core European logistics sub-markets, including Eindhoven and Warsaw/Gorzow, with the facilities in Helsinki and Warsaw/Gorzow becoming Allianz Real Estate’s first ever logistics assets in Finland and Poland.

The facilities being developed will have modern technical specifications, reflect the DHL Campus concept and become mission-critical hubs for DHL and its national and international customers.

Each building is designed to meet the very highest sustainability criteria, including BREEAM Excellent and EPC A ratings, and be compliant with EU Taxonomy. They will undergo a Carbon Risk Real Estate Monitor (CRREM) assessment to ensure alignment with rigorous decarbonization and energy efficiency pathways and Allianz Real Estate’s own net-zero program.

In addition to the five facilities under construction, the relationship with DHL includes the potential for Allianz Real Estate to acquire additional facilities in Europe in future.

The logistics sector remains a central focus for Allianz Real Estate due to its strong market fundamentals, including the e-commerce growth and supply chain re-configuration. The firm’s global logistics portfolio has grown to EUR 14.2 billion in assets under management, of which EUR 7.2 billion is in Europe.

Transactions in 2022 include the forward purchase of Multi Business Hub Mittelrhein, a prime logistics center in Polch, Germany;  continued investments with long-term partner VGP; the acquisition of a three-asset, Grade A portfolio in the Nordics; and a seven-year refinancing facility to Intospace for six assets in the Netherlands.