Urban Partners and HIH Invest have acquired a logistics project in Garbsen, Lower Saxony, as part of an existing joint venture. The purchase in Garbsen is already the third joint project between the two companies. The joint venture focuses on the acquisition of capital for development-ready, sustainable logistics properties in Germany.
Construction of the logistics hall on the approx. 25,000 square metre site in Garbsen will begin in the first quarter of 2026. The property is expected to be completed and ready for occupancy by the end of 2026. The entire property has already been rented out on a long-term basis.
Wolfgang Ködel, Managing Director at Urban Partners, says: "With this transaction, Urban Partners and HIH Invest are strengthening their successful partnership in a strategically important market with high demand for high-quality and sustainable logistics properties. The development in Garbsen is already our third joint project and will generate a stable cash flow from resilient key industries thanks to a high pre-letting rate. By prioritizing flexibility and high ESG standards, we are creating future-proof logistics solutions with the project that offer long-term value for investors and users alike."
This transaction is Urban Partners' tenth investment in the logistics sector in Germany. The company currently manages over 210,000 square meters of logistics projects in Germany. The acquisition in Garbsen follows the joint acquisition of a logistics project in Herten in the spring and one in Bensheim in southern Hesse in the summer of 2025.
Lars Bothe, Head of Value Add Investments at HIH Invest, says: "With this third acquisition within a few months, the investment volume of the joint venture has risen to a three-digit million range. We continue to look for attractive deals and already have some projects in the acquisition pipeline. HIH Invest scores with its experience from logistics transactions with a volume of over 1.5 billion euros. This makes us one of the leading investment managers for logistics in Germany."
Maximilian Tappert, Head of Transaction Logistics at HIH Invest, explains: "With the project development in Garbsen, we have found an excellent addition to our portfolio. The logistics hall offers a third-party space layout and can be divided into two rental units. The completed property meets current sustainability requirements and will be built in accordance with the taxonomy. A DGNB Gold Certificate is being sought. The property will be heated by a heat pump and a photovoltaic system will be installed on the roof."
The logistics project is located in an established commercial and industrial area in Garbsen. The direct connection to the B6 federal highway enables a quick connection to the A2 and the A352 as a connection to the A7. Hanover Airport can be reached in just under 20 minutes, the Hanover-Lehrte freight centre in around 30 minutes.
The legal due diligence was carried out by Ashurst. Drees & Sommer acted as technical advisor.
