Garbe Industrial Real Estate leases to car manufacturer
Hamburg/Rieste, 1 December 2022 – Garbe Industrial Real Estate GmbH can announce another leasing success: a prominent German car manufacturer will move into a property with a total area of around 18,500 square metres in the ‘Niedersachsenpark’ in Rieste (County of Osnabrück, Lower Saxony). The Hamburg-based project developer acquired the building together with two other halls a year ago as part of an asset deal from Engler Immobilien Gruppe. The vehicle manufacturer wants to store components for the automotive process chain in the new property.
“The fact that we were able to sign a long-term lease with such a renowned company even before the completion of the property shows once again that the investment decision to purchase the project developments in Rieste was a good and correct decision,” emphasizes Adrian Zellner, member of the management of Garbe Industrial Real Estate.
With an area of more than 400 hectares, Niedersachsenpark, about 30 kilometres north of Osnabrück, is considered the largest intermunicipal commercial and industrial area in Lower Saxony. It is located between Bremen and Osnabrück on the A 1, one of the most important north-south axes in Germany. The Neuenkirchen-Vörden junction is only a few hundred metres away from Niedersachsenpark. The motorway junction Lotte/Osnabrück, which connects the site with the Netherlands via the A 30 motorway, is 25 kilometres to the south. Well-known companies, such as the sporting goods manufacturer Adidas, the logistics service provider Imperial and the specialist for assembly and fastening technology Adolf Würth, have settled in the commercial and industrial area.
The Garbe Industrial Real Estate Group owns approximately 150,000 square metres of the Niedersachsenpark. Three logistics properties with a total area of around 91,000 square metres are located there. The largest hall with a total area of 49,000 square metres is leased to the online tyre retailer Delticom. The property leased by the car manufacturer has a total area of 18,500 square metres, including 14,300 square metres of hall space. The third hall with a total leasable area of just over 23,000 square metres has not yet been allocated. “However, we are in constructive talks with interested parties and expect a deal shortly,” says Adrian Zellner.
There is approximately 19,000 square metres of hall space available in the property. In addition, there are 1,100 square metres for offices and social rooms as well as almost 3,000 square metres of warehouse mezzanine. Of the total 189 parking spaces on the outside area, 46 are reserved for the still vacant hall: 36 for cars and ten for trucks. The property is equipped with 20 dock levellers and a ground-level sectional door.
The development of the three logistics properties was carried out according to current sustainability standards. For example, powerful photovoltaic systems are installed on the roofs to generate renewable energy. Garbe Industrial Real Estate is aiming for all three properties to be certified according to the gold standard of the German Sustainable Building Council.
Logivest GmbH acted as an intermediary in the leasing process.