Garbe Industrial Real Estate GmbH and its joint venture partner, Logicenters, have acquired a plot of land in the port of Straubing, Lower Bavaria, measuring c. 47,000m2. The plot is ready for construction. The plan is to build Europe's largest logistics property using pure timber construction, which will be a flagship project. Construction is scheduled to begin in the third quarter of 2024 and the logistics hall, which will have a total area of around 27,000m2, is expected to be completed by the third quarter of 2025. The total investment in the location is estimated to be c. €31m.
"The site is one of the last large areas in the port of StraubingSand. Its main attraction is its excellent transport links," said Adrian Zellner, Member of the Executive Board of Garbe Industrial Real Estate.
The site is conveniently located near the B20 and B8 highways, as well as the A3 motorway, which runs from the Dutch to the Austrian border, and the A92 motorway, which connects Deggendorf to Munich. Additionally, there is a bus stop just 200 meters away from the site, making it easily accessible by public transportation.
Garbe is planning to build a modern logistics property suitable for third-party use on this site. The property will have c. 24,400m2 of warehouse space, 1,480m2 of mezzanine space, and c. 1,100m2 of office and social space. This flagship project will feature 26 dock levellers and nine sectional doors. Additionally, the outdoor area will be equipped with parking spaces for 70 cars, 12 trucks, and 42 bicycles.
"We are building the hall without any fixed rental commitments. However, there is already an initial interested party from the automotive supplier industry who would like to use the site as a storage and handling area to serve the nearby BMW plant from there," said Adrian Zellner. "As an automotive option, the entire rear of the hall will have ground-level doors, which will be fitted with a canopy."
The logistics hall will be entirely constructed using timber, including the supporting structure, mezzanine levels, and facade.
The logistics centre will be equipped with photovoltaic panels on its roof to generate renewable energy, and LED lighting will be used throughout the halls. The property will be heated using air-source heat pumps, which are environmentally friendly. Garbe Industrial Real Estate is aiming to achieve certification by the Gold Standard of the German Sustainable Building Council (DGNB) for this project.
The logistics property in Straubing is the first project of the new joint venture between Garbe Industrial Real Estate and Logicenters, which develops and manages logistics real estate and is part of NREP, the largest real estate investment manager in the Nordic countries with assets under management of around 19 billion euros. The two joint venture partners aim to build a sustainable and strongly ESG-oriented logistics portfolio in Germany.
Image provided by AD HOC
Europe Real Estate — an overview of real estate developments in European countries.
