Betz will remain operationally in charge of fund and portfolio management and will also be responsible for asset management. Hollung will continue to be responsible for strategy and corporate development as well as communications and will manage the acquisition operationally.

Hollung and Betz have been working together for more than eight years in the management of institutional logistics real estate funds. At LIP, which they set up together in 2017, Sebastian Betz has been an authorized signatory on the management board since 2019. "With Sebastian's promotion to Managing Director, we are setting the course for the future of our fast-growing company - which already has a logistics real estate portfolio of over EUR 1.2 billion - and spreading responsibility across several shoulders," explains Bodo Hollung, founder and Managing Partner of LIP Invest, adding: "I have been working closely with Sebastian for so many years in a spirit of trust and partnership, now even on the sixth fund launch. That is why I am all the more pleased to be able to continue shaping the future of LIP with him in management responsibility."

Sebastian Betz studied geography and business administration in his Bachelor's degree and graduated from the University of Trier in 2012 with a Master of Arts in applied geography with a focus on real estate management. Betz is currently completing a part-time degree at IRE|BS, which he will successfully complete in 2021 with the title of Real Estate Economist (IRE|BS). After working for Colliers and Realogis, Betz built up RLI Investors - recently sold to DIC - as an investment house together with Hollung before they both launched LIP.

The current expansion of the management team was a consequence of the strong growth in the fund business. Since 2017, LIP has acquired 43 properties with an investment volume of over EUR 1.2 billion and more than 880,000 square meters of rental space with three logistics real estate funds. Over 50 institutional investors from insurance companies, pension schemes, pension funds, savings banks and banks, foundations and large family offices have now invested in LIP funds. "Interest in our funds and logistics properties continues unabated, so we will soon be launching another fund with a similar strategy. Our product availability remains very stable and our pipeline is well filled. We are therefore planning investments of over 200 million euros in the second half of the year," reports Hollung.