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Avison Young brokers 3,100 sqm of logistics space for Lime in Langenfeld near Düsseldorf
18 February 2021US bike and e-scooter rental company expands in Germany
Düsseldorf – The global commercial real estate firm Avison Young has brokered around 3,100 sqm of logistics space for US bike and e-scooter rental company Lime in Langenfeld near Düsseldorf. The space at Max-Planck-Ring 26 will serve Lime as a new base for its expansion across Germany. Owner of the property is Fair Value REIT AG, a subsidiary of DEMIRE Deutsche Mittelstand Real Estate AG.
The two-story building is located in an industrial park with tenants from various sectors and comprises around 11,000 sqm of GLA in two units. Approximately 6,000 sqm are set aside for logistics, the rest for office use. Lime will utilise its space for the storage and maintenance of bikes and e-scooters.
Johann Mikhof, Director Office Leasing at Avison Young in Düsseldorf, says: "Lime was looking for a new location between its two target markets Düsseldorf and Cologne, and Langenfeld is located in exactly that sweet spot. With the property at Max-Planck-Ring, we were therefore able to provide our client with the optimal solution.”
The property is well connected. Cologne can be reached via motorway A3 with a junction close to the site and Düsseldorf via motorway A59.
About Avison Young
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.