Parallel to the acquisition of the property, which has a size of approx. 22,000 square metres, the lease agreement with Tech Data GmbH & Co. KG was concluded for a term of 10 years. The tenant is one of the world's largest distributors of technology products, services and solutions. It will operate a returns centre in the e-commerce business at the Eslarn location. After completion, which is scheduled for April 2021, the property will have a rentable area of around 9,400 square metres, divided into hall and office space.
"We are very pleased that our project development for Tech Data allows us to construct a multi-functional building for returns management, which forms the basis for a long-term business relationship," explains Martin Pfandzelter, CEO of VIB Vermögen AG.