Union Investment invests €60m in the transformation of the Meister Areal in Nuremberg - the former 100,000m2 retail park on Virnsberger Strasse. A modern and almost energy-self-sufficient city logistics hub with around 20,500m2 logistics spaces and a new local supply centre for residents and employees is being built in a sought-after and very well-connected location in the western part of Nuremberg.
The building application has already been submitted to the building authorities of the City of Nuremberg and approval is expected in the first quarter of 2025.
"After an intensive planning period of around two years, we are delighted to be launching a forward-looking and particularly sustainable concept for this established and excellently connected location," said Sven Lintl, Head of Asset Management Germany at Union Investment. "With the new Meister Areal, we are creating a supply of commercial space from the existing portfolio that perfectly meets the high demand from logistics companies in the Nuremberg regional centre, which has been unbroken for years."
The aim of the repositioning concept from the outset was to take into account the increased demand for sustainable and climate-friendly logistics and commercial solutions at the site.
"The specific objective is to create a site that is almost 100% independent of fossil fuels and self-sufficient," emphasised Matthias Wagner, Senior Business Expert Logistics at Union Investment.
Heating will be provided entirely from renewable energy sources thanks to an air heat pump. The plan is to install a high-performance photovoltaic system with 3 megawatts peak (MWp) integrated into a green roof, which, like the planned partial greening of the façade, is intended to promote biodiversity. The construction project also includes further measures to protect species, such as extensive hedge and tree planting and the creation of a lizard habitat.
The revitalisation and redevelopment project is divided into four construction phases. The demolition of the unused existing buildings, including the 20,000 sqm gross floor area of the Real supermarket and a drinks store, began in October. Completion is planned in stages for 2026/2027.
Image credit - Krüger Consult GmbH.
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