Garbe acquires 192,000 sqm site near Bad Hersfeld for €85m project

Garbe acquires 192,000 sqm site near Bad Hersfeld for €85m project

Hamburg-based project developer Garbe Industrial Real Estate has acquired a 192,000 square metre plot of land in the municipality of Ludwigsau near Bad Hersfeld (Hesse, Germany).

Garbe Industrial Real Estate is investing around €85 million in the project.

The site, which is ready for construction, is located in the Bad Hersfeld-Ludwigsau Enterprise Park, a roughly 840,000 square metre industrial estate in the North Hessian city-triad of Bad Hersfeld, Bebra and Rotenburg an der Fulda.

“With this purchase we have secured one of the last available, ready-to-build prime sites in this size range,” emphasises Jan Dietrich Hempel. “It is located in an economically strong area that is now one of the most important logistics regions in Germany.”

The Managing Director of Garbe Industrial Real Estate particularly emphasises the central, convenient location. Via the B 27 Göttingen – Fulda, the site is connected to the A 4 motorway, which links Kirchheim with Dresden. The Bad Hersfeld junction is ten kilometres away.

The Hamburg-based project developer is planning a logistics centre in Ludwigsau with a total hall area of up to 97.000 square metres. They will be distributed over two buildings, which will be parallel to each other. Included are offices, social rooms and mezzanine areas. A photovoltaic system will be installed on the roofs to generate renewable energy. Electric charging points for cars and bicycles are planned for the outdoor area. Garbe Industrial Real Estate is aiming for the property to be certified according to the Gold Standard of the German Sustainable Building Council. “Our project developments are always based on internationally recognised ESG criteria,” says Jan Dietrich Hempel.

Construction of the logistics centre is scheduled to begin in the second half of the year. Completion is planned for the end of 2023. In addition to discussions with a tenant for the entire site, talks with other potential tenants are now underway.

The mayor of the municipality, Wilfried Hagemann, welcomes the success of the settlement: “We are pleased that we have been able to win the pan-European company Garbe Industrial Real Estate for our site as a project developer.”

The purchase of the property was brokered by the real estate consultancy Logivest from Munich, which is also entrusted with the exclusive letting mandate.