Hines has made off-market purchases of two plots of land with a total area of 115,400m² in Hamm in the state of North Rhine-Westphalia. It plans to build facilities with flexible floor plans, with a total of up to 68,900m² of the office space and unit sizes starting at 9,000m². Construction is scheduled to start before the end of 2019.
The two properties represent the start of a series of developments in line with Hines’ new investment strategy in the logistics sector. At the Hamm location, the company will develop a logistics complex comprising two halls designed to deliver the utmost in flexibility and efficiency. The project will be DGNB-certified and will feature outstanding connectivity.
"We want to continue developing logistics properties through innovations. To achieve that goal, we are currently exploring alternative timber-based modular construction methods as well as customized furnishings and facilities. For example, we plan to further upgrade the properties by providing sleeping quarters for drivers or fitness/sports facilities for all employees," said Alexander Moll, Senior Managing Director at Hines.
"With the purchase of the two sites in Hamm, we have acquired a top-quality space for the booming logistics industry in the eastern Ruhr district. This is a clear statement on our new growth ambitions in the logistics sector. We will now push ahead with the development of this location for a future sale in the market," commented Christian Meister, Managing Director at Hines.
Financing for the project is being provided by Hamburg Commercial Bank. DE GOLD acted as a cooperative partner in the Hamm projects in an advisory role. The purchase price was not disclosed.
