Catella Real Estate AG (CREAG) acquired a logistics project development of 31,523m² in the Enterprise Park in the Hansebelt in Gremersdorf on the northeastern edge of the Hamburg logistics region for the special AIF Catella Logistik Deutschland Plus (CLD+). The seller is Eurovia Oldenburg GmbH, which belongs to the E Group.
The property on Hansebelt street in Gremersdorf, which has been under construction since June 2023, will have a total rentable area of 31,523m², consisting of three self-sufficient hall units with a total of 26,335m² of hall space, 3,119m² of mezzanine storage space, 1,282m² of office space and one separate external warehouse of 785m². A total of 27 dock levellers will be available for delivery. The outdoor area of the c. 62,000m² property has 36 truck and 58 car parking spaces, 6 of which are equipped with electric charging stations and covered bicycle parking spaces.
The property is being developed according to new and high technical standards and achieves a high overall result in the Catella Sustainability Monitor. In order to be as independent as possible from fossil fuels when generating heat, a hybrid gas-electric heating system was used for the hall areas. This is powered by the PV system and is prepared for the use of hydrogen as an alternative fuel. The office and social areas are supplied with underfloor heating via an air heat pump. The lighting in the hall and office is done using LED lighting technology. In addition to a sprinkler tank and two rain retention basins, the property has its own transformer station. The outside areas are mostly covered in lawns, and the property boundaries are planted with trees and shrubs.
The main tenant of the property is Delticom AG, the online market leader in the trade and distribution of tires and complete wheels, which has rented 67% of the space on a long-term basis.
“Catella was able to successfully secure the 14th property for the Catella Logistik Deutschland Plus special fund,” said Wolfgang Holzberger, Senior Investment Manager Logistics at CREAG, “with the Gremersdorf property, the fund is investing in a very interesting growth region with future potential. With the completion of the Fehmarnbelt Tunnel, the relevance of the Gremersdorf location will once again increase significantly, which creates significant potential for increased value for our new property. Overall, the property fits very well with the fund’s target allocation and represents a great addition to the portfolio in terms of ESG criteria.”
Catella Real Estate AG received legal and tax advice on the purchase from DLA Piper UK LLP and technical advice from Arcadis Germany GmbH. With regard to the ESG requirements, Arcadis Germany GmbH also carried out an ESG assessment and taxonomy check as well as a carbon due diligence. Condor Immobilien GmbH, Mulheim, brokered the transaction.
