Roxem secures pre-let at Louis Krages industrial site in Bremen (DE)

Roxem Assets GmbH, on behalf of Hansteen, has let 20,000 m² of warehouse space and 200 m² of office space at the Louis Krages site in Bremen's Industriehafen (industrial port area).

Construction of the warehouse is due to complete on the May 1, 2013 following a comprehensive redesign after two fires destroyed part of the site. The unit will be occupied by a large German logistics provider.

Matthias Wunsch, Managing Director of Roxem AssetsGmbH, said: "This pre-let is a great success and is the first step towards revitalizing the burned down portion of the site. This is an outstanding example of how an asset manager can assist investments with revitalization concepts bringing added value to the site while meeting the needs of modern long-term tenants."

Based in an established industrial area, the Louis Krages site houses 100,000 m² of warehouse and ancillary office space. The site has capacity for another 50,000 m² of new warehouse space.

Hamburg-based ProConsult GmbH advised on the contract negotiations.

Source: Flashbulb Ltd

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