Swiss Life Asset Managers is expanding its development portfolio with the acquisition of a 36 000m2 site in Laichingen. A modern logistics property with a rental area of more than 21 000m2 will be built there.
Swiss Life Asset Managers has exclusively acquired a site in Laichingen, south-east of the Stuttgart metropolitan region, that is ready for construction. The investor-developer will develop the Stuttgart Southeast 1 project. Construction is scheduled to start in the first quarter of 2024 and is expected to be completed in the fourth quarter of 2024.
"Located in a promising logistics region, this property is an excellent addition to our portfolio," said Ingo Steves, Managing Partner Logistics at Swiss Life Asset Managers. "The new site is an important part of our investment strategy to create long-term and sustainable added value for the corresponding regions. Our first logistics project development in Baden-Wuerttemberg is also in line of our Europe-wide expansion strategy," Steves continued.
The location in the Alb-Donau region offers exceptional connections to the national and international logistics network thanks to its central position between the Stuttgart metropolitan region and the city of Ulm, as well as its proximity to the A8 and A7 motorways. The urban agglomeration also makes the region an attractive location for the regional distribution and generates a constantly high demand for logistics.
"Serving flexible customer needs is an important aspect of our planning. Therefore, the property will be able to fulfil the requirements of a single tenant as well as multiple tenants. This also reflects our customer-centric approach," said Alexander Schmid, Head Development Logistics at Swiss Life Asset Managers.
Most of the property's rental space will be taken up by logistics areas, while around 630m2 of social and office space will be available. Spacious mezzanine areas will also be included. The building can be divided into three units, each with 6000m2.
The installation of heat pumps is planned to generate renewable energy for the site. In addition, the roof will be equipped for the operation of a photovoltaic system. Overall, the property is aiming for BREEAM Very Good certification.
Image provided by Swiss Life AM.