Garbe Industrial Real Estate GmbH is continuing its expansion course. In the municipality of Ludwigsau near Bad Hersfeld (Hesse, Germany), the Hamburg-based project developer has acquired a 192,000 sq m plot of land. A logistics centre with a total area of up to 97,000 sq m is to be built on it. Garbe Industrial Real Estate is investing around €85m in the project.
The site, which is ready for construction, is located in the Bad Hersfeld-Ludwigsau Enterprise Park, a roughly 840,000 sq m industrial estate in the North Hessian city-triad of Bad Hersfeld, Bebra and Rotenburg an der Fulda.
“With this purchase we have secured one of the last available, ready-to-build prime sites in this size range,” emphasises Jan Dietrich Hempel, Managing Director of Garbe Industrial Real Estate. “It is located in an economically strong area that is now one of the most important logistics regions in Germany.”
It occupies a central, convenient location; via the B27 Göttingen–Fulda, the site is connected to the A4 motorway, which links Kirchheim with Dresden. The Bad Hersfeld junction is 10km away.
The Hamburg-based project developer is planning a logistics centre in Ludwigsau with a total hall area of up to 97,000 sq m. They will be distributed over two buildings, which will be parallel to each other.
Included are 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.
“Our project developments are always based on internationally recognised ESG criteria,” says Hempel.
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.”
The purchase of the property was brokered by the real estate consultancy Logivest from Munich, which is also entrusted with the exclusive letting mandate.