GreenPlaces Deutschland Asset Management GmbH is planning to seriously accelerate its growth in the German market, and to invest c. €100m in new locations over the next three years.
Fabrice Bezencon, CEO of the GreenPlaces Group, said: “The concept of GreenPlaces is still unique in Germany and matches with strong demand. Rooms of high quality while being affordable and flexible due to the modular design lend themselves to various types of use. Our tenants include, for instance, small production plants, artists, gyms and wellness studios, or architectural offices. The use of timber as building material implies active CO2 storage. Roof-mounted photovoltaic systems supply cheap electricity for internal consumption while heat pumps cover the heating needs.”
Sven Koch, head of business development and lettings and marketing at GreenPlaces said: “As we expand our business, we are looking for plots with easy access to motorways or federal routes in the catchment area of major cities mainly in Baden-Württemberg as well as in southern Hesse and Rhineland-Palatinate. The idea is to put our tenants—most of them tradesmen and service providers—within a 20-minute drive of their customers. For the municipalities, we are a reliable partner, because we built to a set standard and for the purpose of retaining the properties in our own portfolio. In the case of a 30-unit building, the time between the start of construction and the commissioning of the completed building is just eight to twelve months.”
Image source - GreenPlaces.
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