Peper & Söhne GmbH is developing a sustainable logistics property in Hamburg’s Billbrook district together with HIH Invest Real Estate GmbH in a joint venture with Urban Partners. A modern new logistics building with around 17,300 m² of rental space is being built on an existing plot of around 24,000 m². Robert C. Spies Industrial Real Estate GmbH & Co. KG acted as an intermediary and advisor on the transaction and has been exclusively mandated to market the rental space. The real estate consulting firm also laid the foundation for the project with its off-market acquisition of the property. Together with Peper & Söhne, with the trust of the seller, it was then possible to advance the detailed necessary preparatory work to project maturity.
The existing buildings on the property will be dismantled and the area redeveloped. The property will be included in the fund portfolio for the existing joint venture between HIH Invest and Urban Partners. GOLDBECK Nord GmbH acts as general contractor. For the new building, the project partners are aiming for at least DGNB Gold certification and a conformity assessment in accordance with the EU environmental taxonomy.
The marketing of the rental space has already begun.
“With the project in Hamburg-Billbrook, we are working with HIH Invest to develop a future-proof logistics property in an established top location with hardly any available development space. The site offers a very good starting point for a modern, flexible and sustainable new building development that meets the current requirements of users and investors alike,” says Christoph Peper, Managing Partner of Peper & Söhne.
“The acquisition in Hamburg-Billbrook enables us to enter an absolute top location in the German logistics market, which is characterized by consistently high demand. The inner-city location in combination with the very good transport connections ensures reliable rental conditions,” says Maximilian Tappert, Head of Transaction Management Logistics at HIH Invest Real Estate.
“This acquisition is a milestone for Urban Partners, with which we have succeeded in expanding our presence in the logistics sector in Germany. We are very pleased about our fourth logistics transaction in Germany, with which we are consistently continuing our previous activities in this segment,” says Wolfgang Ködel, Managing Director and Head Germany at Urban Partners.
“Due to its outstanding location between the city centre and the Port of Hamburg, the location in Hamburg-Billbrook offers companies the opportunity to position themselves directly at the events of the global economy as well as to supply end customers in the Hamburg metropolitan region,” says Stefan Fath, Director for Logistics and Industrial Real Estate at Robert C. Spies.
The new logistics building offers a high degree of flexibility for different usage concepts: The area can be divided into up to two units, but is also available for one user if required. The equipment includes a floor load capacity of 5 t/m², a hall height of 12.20 m UKB, a underground courtyard with 12 dock levellers and two ground-level rear deliverances. The property will be equipped with an air-to-water heat pump.
With its location in the established industrial and commercial area of Hamburg-Billbrook, the new logistics building has an efficient transport connection. The Port of Hamburg, the city centre and the metropolitan region can be reached in a short time via the B5 and the A1, A24 and A25 motorways.
