Garbe Industrial Real Estate is continuing its expansion course. The developer has acquired a 192,000m² plot of land near Hesse, Germany, for the construction of a logistics centre comprising 97,000m². The total investment in the schme amounts to €85m.
The site, which is ready for construction, is located in the Bad Hersfeld-Ludwigsau Enterprise Park, a roughly 840,000m² industrial estate in the North Hessian city-triad of Bad Hersfeld, Bebra and Rotenburg an der Fulda. The construction site is well connected to the A 4 motorway, which links Kirchheim with Dresden. The Bad Hersfeld junction is ten kilometres away.
The scheme will comprise two buildings which would also include offices, social rooms, and mezzanine areas. A photovoltaic system will be installed on the roofs to generate renewable energy. Electric charging points for cars and bicycles are planned for the outdoor area. Garbe Industrial Real Estate is aiming for the property to be certified according to the Gold Standard of the German Sustainable Building Council.
"With this purchase, we have secured one of the last available, ready-to-build prime sites in this size range," said Jan Dietrich Hempel. "It is located in an economically strong area that is now one of the most important logistics regions in Germany."
Construction of the logistics centre is scheduled to begin in the second half of the year. Completion is planned for the end of 2023. In addition to discussions with a tenant for the entire site, talks with other potential tenants are now underway. The mayor of the municipality, Wilfried Hagemann, welcomes the success of the settlement: "We are pleased that we have been able to win the pan-European company Garbe Industrial Real Estate for our site as a project developer."
