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Eversheds Sutherland advises The Boeing Company on a new built-to-suit warehouse facility near Hamburg

  • Germany

    20-04-2021

    Eversheds Sutherland has advised Boeing Distribution Services ISC GmbH, an affiliate of The Boeing Company, on a new settlement in Henstedt-Ulzburg and a build-to-suit special purpose warehouse facility. The landlord is Hamburg-based Warburg-HIH Invest Real Estate GmbH, a leading investment manager for real estate in Germany and Europe.

    The Eversheds Sutherland real estate team around Partner Philipp Turnwald and Counsel Dr. Nicolas Mähner advised Boeing on all legal aspects of this new settlement under significant business deadlines. The project involved complex negotiations with the local municipality and the project developer. The plot, which extends over 33,350 square metres, provides a gross lettable area of around 19,250 square metres and 153 car parking spots. The lettable area total breaks down into around 15,350 square metres of warehouse and logistics space, and around 3,250 square metres of office space. The construction works commenced this March.

    Boeing Distribution Services is a full-service provider of inventory solutions for aerospace OEMs and aftermarket. It will supply its customers with chemicals and special materials in the field of production and maintenance from the new facility in Henstedt-Ulzburg.

    Ms. Heather Howard, senior in-house counsel at The Boeing Company commended the work of Philipp Turnwald and Nicolas Mähner:

    “You have been a huge and critical part of getting us to completion of the major agreements for this Henstedt-Ulzburg project. You have been outstanding for reliable responsiveness, good counsel, significant drafting, and effective negotiations.”

    The Eversheds Sutherland real estate team also included Associates Jennifer Hock and Annekathrin Hoffmann.

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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