Garbe Industrial Real Estate acquires Business Campus in Kiel (DE)

Garbe Industrial Real Estate acquires Business Campus in Kiel (DE)

GARBE Industrial Real Estate has acquired Business Campus Kiel in Kiel-Suchsdorf, Germany. The multi-tenant business campus comprises 12 properties with a total rental space of approximately 76,700m², including office, production, light industrial and storage facilities. The seller is a European family office represented exclusively by Stargime Deutschland. The purchase price was not disclosed.


Business Campus was constructed between 1962 and 2016 in several construction phases. A new production hall (approx. 16,000m²) and an administrative building (approx. 2,500m²) were constructed in 2016. The property is located in an established commercial park with excellent transport connections. 


The property is fully let with a WAULT of 8.7 years. Anchor tenants include Vossloh Locomotives, a European market leader in the construction of diesel locomotives, and Rheinmetall Landsysteme and Heidelberger Druckmaschinen, the world-leading manufacturer of sheetfed offset printing machines.


“The Business Campus is situated in an attractive location with excellent transport connections and it boasts internationally renowned tenants with a high credit rating. The properties have multi-use spaces, which means we can cater to the individual needs of the tenant as required. Business Campus Kiel also offers a potential for expansion,” explained Christopher Garbe, Board Director of GARBE Industrial Real Estate.

Related News