Peper & Söhne GmbH is developing a sustainable logistics property in Hamburg’s Billbrook district in partnership with HIH Invest Real Estate GmbH as part of a joint venture with Urban Partners. A modern logistics facility with approximately 17,300 m² of leasable space is being built on an existing plot of land spanning around 24,000 m². Robert C. Spies Industrial Real Estate GmbH & Co. KG acted as broker and advisor for the transaction and has been exclusively mandated to market the leasable 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, the necessary detailed preparatory work to bring the project to maturity was then driven forward with the seller’s trust.
The existing structures on the property will be demolished and the site redeveloped. The property will be added to the fund portfolio for the existing joint venture between HIH Invest and Urban Partners. GOLDBECK Nord GmbH is acting as the general contractor. For the new construction, the project partners are aiming for at least DGNB Gold certification as well as a compliance assessment in accordance with the EU environmental taxonomy.
Marketing of the rental space has already begun.
“With this project in Hamburg-Billbrook, we are partnering with HIH Invest to develop a future-proof logistics property in a prime, established location where developable land is scarce. The property offers an excellent foundation for a modern, flexible, and sustainable new development that meets the current needs of both users and investors,” says Christoph Peper, Managing Partner of Peper & Söhne.
“The acquisition in Hamburg-Billbrook allows us to enter a prime location in the German logistics market, which is characterized by consistently high demand. “The inner-city location, combined with excellent transportation links, ensures reliable leasing conditions,” says Maximilian Tappert, Head of Transaction Management Logistics at HIH Invest Real Estate.
“This acquisition is a milestone for Urban Partners, enabling us to expand our presence in the logistics sector in Germany. We are very pleased with our fourth logistics transaction in this country, which allows us to consistently continue our previous activities in this segment,” says Wolfgang Ködel, Managing Director and Head of Germany at Urban Partners.
“Thanks to its prime location between downtown Hamburg and the Port of Hamburg, the site in Hamburg-Billbrook offers companies the opportunity to position themselves right at the heart of the global economy, as well as to supply end customers in the Hamburg metropolitan region,” says Stefan Fath, Director of Logistics and Industrial Real Estate at Robert C. Spies.
The new logistics facility offers high flexibility for various usage concepts: The space can be divided into up to two units, but is also available for a single tenant if needed. Features include a floor load capacity of 5 t/m², a ceiling height of 12.20 m (UKB), a deep-level yard with 12 loading docks, and two ground-level rear loading bays. The property will be equipped with an air-to-water heat pump.
Located in the established Hamburg-Billbrook industrial and commercial zone, the new logistics building benefits from excellent transportation links. The Port of Hamburg, the city center, and the metropolitan region are all within easy reach via the B5 and the A1, A24, and A25 highways.