Garbe Industrial Real Estate is continuing to expand its portfolio of logistics centres in the Hamburg metropolitan region. To this end, the Hamburg-based project developer has purchased a plot of land in Luneburg that is around 33,000m² in size and ready for construction. A logistics property with a total area of circa 20,000m² is to be built on this site. Construction is scheduled to begin in June 2023. Garbe will invest €33m in the project.
“Luneburg is one of the most dynamic business locations in the Hamburg metropolitan region. The city has innovative companies, qualified professionals and good infrastructure. Therefore, it was only a matter of time for us to become involved in this attractive environment,” said Adrian Zellner, Member of the Executive Board of Garbe Industrial Real Estate.
The property is located in the Luneburg-Ost industrial park, only a few hundred metres from the harbour of Lüneburg and the Elbe Lateral Canal. The A 39 motorway can be reached within ten minutes via the main roads 216, 209 and 4 without any local transit. The A 39 connects Luneburg with the Maschener Kreuz interchange and from there with Hamburg via the A 1 and A 7.
“The central location and the connection to both the highway network and the public transport system played a major role in opting for this location,” said Adrian Zellner. The nearest bus stop is at about 400 metres from the plot. A logistics property with a height of 12.20 metres and a total hall area of about 17,500m² is planned. One of the units will be sized about 7,000m², the other approx. 10,500m². In addition, there will be around 440m² each for offices and social rooms. A further total of approx. 1,600m² is planned for storage mezzanines. The new building will be equipped with 17 dock levellers and two ground-level sectional doors. Parking spaces for 60 cars and four trucks are to be created on the outdoor area. The property is planned according to current ecological standards. For example, a powerful photovoltaic system is to be installed on the roof to generate renewable energy. Heat pumps will be used instead of fossil fuels. Another measure is the installation of energy-efficient LED lighting. For the new building, Garbe Industrial Real Estate is aiming for certification in accordance with the Gold Standard of the German Sustainable Building Council.
"Having already successfully implemented several projects in the northern and eastern surrounding area of Hamburg in recent years, we are now pleased to realise another new building in the southern surrounding area. The demand for modern logistics space in the metropolitan region has been at a constantly high level for years. That is why we have decided to realise the property with a view to the future and without a firm tenant commitment. Based on the positive initial talks with potential users, we assume that the property will be let during the construction phase," commented Adrian Zellner.
The new building is scheduled for completion in the second quarter of 2024.
