Invesco Real Estate and Trammell Crow Company (TCC) have formed a partnership to develop a Class-A logistics facility at CORE Temnitzpark in Neuruppin.
Located at Temnitzpark Chaussee in Neuruppin in Greater Berlin, the BF33 site spans c. 80,100m2 with planning already secured for a logistics asset with c. 41,400m2 lettable area. This includes warehouse space covering c. 36,400m2, along with c. 1,800m2 for office usage and an additional c. 3,200m2 in mezzanine space. The property will accommodate 132 car parking spaces, eight truck parking spaces, and 40 cycle parking spaces, offering a clear height of 12.2m, 60 kN/m² floor load capacity, and 24/7 operational capability.
The new building will target the highest sustainability standards and minimum a DGNB ‘Gold’ certification. Features include sustainable heat pumps, water protection foil covering the floor, photovoltaic panels, smart metering and energy-efficient LED lightning.
The logistics park offers convenient access to the A24/B167 junction, directly connected to the motorway linking Berlin to Hamburg. Its proximity to the port of Hamburg, Germany's largest seaport by volume and the third-largest container port in Europe, will further enhance the park's appeal to tenants, with prospective occupiers forecast to come from e-commerce, retail, FMCG, technology and 3PL sectors.
Richard Fell, head of European Commercial Capital Markets at Trammell Crow Company, said: “With the successful formation of this partnership we look forward to the forthcoming development of this best-in-class, highly sustainable and modern logistics facility. Germany remains one of TCC’s preferred markets for logistics assets in Europe, as a result of its supply-demand imbalances and continued short-fall of speculative development coupled with its position as Europe’s industrial engine, we are actively seeking further opportunities that provide the chance to develop best-in-class properties.”
Felix Richter, Co-Head of Transactions DACH, Invesco Real Estate, said: “We are delighted to have secured this high-quality development for one of our long-standing clients. Partnering with best-in-class developer Trammell Crow Company will help ensure we deliver a Class-A, sustainability-led logistics warehouse. We believe the flexible layout will attract tenant demand from various industries and meet the demand for high-quality units in this area. The completion of the development is targeted for Q2 2025.”
Image source - Pexels.
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