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FOX Industrial Real Estate, a FOX Real Estate company, has acquired an approximately 56,000 square metre industrial site in Rastatt (Baden-Württemberg) from RUF | Betten GmbH, a leading manufacturer of premium upholstered and box spring beds. A new building with at least 27,500 square meters of state-of-the-art rental space for companies from industry, trade and logistics is planned. The transaction was designed as a sale-and-lease-back and allows RUF to continue using the existing buildings.
As part of the leaseback agreement, RUF will continue operations in the existing properties from 1974 and 1980 unchanged. The agreement offers both parties planning security and at the same time creates scope for the strategic development of the area. The future use beyond this will be based on the long-term requirements of the location as well as the needs of the users.
A development is planned that will be carried out according to the latest ESG standards. Special emphasis is placed on energy-efficient construction, sustainable energy concepts and complete preparation of the area for a future-oriented e-mobility infrastructure.
"The acquisition in Rastatt fits perfectly into the strategy of FOX Industrial Real Estate. With the redevelopment of the site, we want to create the basis for a modern, sustainable and efficient logistics and production site," says Sascha Petersmann, Managing Director of FOX Industrial Real Estate. "Rastatt is an attractive business location. With our planned project development and the provision of efficient space structures, we are creating the prerequisites and potential for further future-oriented company settlements," said Petersmann.
As part of the transaction, the law firm Walch Rittberg Nagel acted as advisor to FOX Industrial Real Estate.
