Garbe Industrial Real Estate leases to car manufacturer in Bavaria
Largest deal in the German market so far in 2023
Hamburg/Pilsting, 9. May 2023 – Garbe Industrial Real Estate GmbH continues to expand its real estate portfolio in the Munich metropolitan region. In the Bavarian municipality of Pilsting (district of Dingolfing-Landau), the Hamburg-based specialist for commercial, production and industrial real estate is currently building a logistics centre with a gross floor area of 82,000 square metres. The investment volume amounts to 120 million euros. Even prior to the planned completion in the second quarter of 2024, the property is fully let to a well-known car manufacturer. The deal is the largest letting in terms of space on the German market so far this year.
The logistics property will be built on a plot of land measuring around 153,000 square metres, which the Hamburg-based project developer purchased from the Bauwo Group in an asset deal at the end of 2021. “Acquiring a total area of this size was a real stroke of luck for us,” emphasises Adrian Zellner, Member of the Executive Board at Garbe Industrial Real Estate. “The supply of space in the region around Dingolfing is extremely scarce. In addition, the convenient location played a significant role in the decision to locate.” The good accessibility was also a decisive criterion for the tenant.
The logistics centre is being built in the immediate vicinity of the A 92 motorway, connecting Munich with Deggendorf. The Pilsting-Großköllnbach junction is virtually on the doorstep and can be reached within a few hundred metres without having to drive through the town. The travel time between the logistics centre in Pilsting and the car manufacturer’s production site is about ten minutes under normal traffic conditions.
The new building will comprise a hall with an area of 73,000 square metres. In addition, there are 8,000 square metres of mezzanine and 2,000 square metres that house offices and social rooms. In order to be able to store substances hazardous to water in the logistics centre, a WHG foil will be inserted under the floor slab in one of the two building sections. In addition, the sprinkler system capacities there are being extensively expanded. The property will be equipped with 75 gates where trucks can dock for loading and unloading. Parking spaces for 210 cars and 30 trucks will be created on the outdoor area. Some of the parking spaces will be pre-equipped with e-charging points.
“In project development, we are guided by internationally recognised ESG criteria,” says Adrian Zellner. For example, a photovoltaic system is planned for the entire roof area to generate renewable energy. Light domes and vertical window strips will ensure that plenty of daylight enters the hall. In addition, the building will be equipped with energy-saving LED lamps for lighting. The property is heated via air-source heat pumps. For the entire property, Garbe Industrial Real Estate is aiming for certification according to the Gold Standard of the German Sustainable Building Council.
Realogis acted as lead broker for the letting. Jones Lang Lasalle has mediated.