AEW has completed the development of Mach2, the first multi-storey logistics development in Hamburg, Germany. The delivery of the building represents the successful completion of a blueprint project that AEW now expects to replicate across its logistics platforms as a sustainable solution to the shortage of land for projects in and around densely populated cities.
Mach2 comprises a total of circa 124,330m² of Grade A space across two buildings with a total of three floors, including office and mezzanine areas. The property was 100% pre-let ahead of completion with occupiers including Airbus, JYSK,Bechtle, and Picnic. Mach2 has been developed speculatively by AEW’s €4.4bn pan-European logistics fund, LOGISTIS, in collaboration with the contractor GSE and project developer Four Parx, a long-term partner having worked alongside AEW on the Mach2 project from inception through to attracting the tenant base.
In line with AEW’s commitment to sustainable development, the building is expected to achieve a BREEAM ‘Excellent’ rating and hosts a detailed smart metering system and external energy monitoring, as well as solar PV panels, EV charging points, 220 bike parking spaces located underneath the upper structure, and green walls.
The units have been constructed to a high specification featuring a total of 100 loading stations with the option to extend, two ramps that lead to the upper floor with a load of up to 45 tonnes truck access, and warehouse clear height of 10 meters across the lower and upper levels which is a unique feature for multi-storey warehouse development. The car park is also positioned underneath the first-floor truck yard to save ground-floor space.
Thomas Poulis-Leinberger, Head of Asset Management & Development Logistics in Europe at AEW, commented: “The completion of this landmark project is a significant step in the future design of logistics space in Germany and the wider DACH region. Against a backdrop of strong occupier demand and shrinking land supply for industrial and logistics uses close to urban areas, Mach2 provides a much-needed solution for multi-storey development that maximizes space and harnesses sustainability. The fact that the asset was fully pre-let prior to completion underlines the ongoing demand for high quality and well-located logistics space in this region.”