Swiss Life Asset Managers is expanding its development portfolio with the acquisition of a 47,000 square metre site in Altusried in the Allgäu region. On this site, a modern logistics property with a rental area of more than 30,000 square metres will be built.
Swiss Life Asset Managers has acquired a site in Altusried in the Oberallgäu district, that is ready for construction. The investor-developer will develop the "Swabia South 1" project, a state-of-the-art logistics
property with more than 30,000 square metres of rental space on the approximately 47,000 square metre brownfield site. Construction work is scheduled to start in the first quarter of 2024 and be completed in the first quarter of 2025.
"With this land, we were able to acquire a promising site in a dynamic economic region," says Ingo Steves, Managing Partner Logistics at Swiss Life Asset Managers. "The new location will not only serve the
growing demand for modern and sustainable logistics real estate in the region, but it is also part of our investment strategy to create long-term and sustainable added value for the region. The location is part of our further expansion in Europe," Steves continues.
The location offers excellent connections to the national and international logistics network via the A7 and A96 motorways. The good connections to the Bavarian metropolitan regions of Augsburg and Munich
as well as the cities of Ulm and Friedrichshafen make the location a strategic transshipment point for national transport routes. Due to its proximity to the border, the region is also an ideal hub for international
goods traffic to the neighbouring countries of Switzerland, Austria, and Liechtenstein.
Most of the property's 30,150 square metres of total lettable space will be taken up by logistics areas, while around 1,000 square metres of social and office space will be available.
"We take a customer-centric approach to each of our projects. That is why the property will be able to serve flexible customer needs. Like all our logistics developments, it is based on high internationally recognised ESG criteria," says Alexander Schmid, Head of Development Logistics at Swiss Life Asset Managers.
A photovoltaic system and heat pumps are to be installed on the roof. In addition to other measures, echarging stations for cars and bicycles and a green façade are planned for the exterior. Overall, the property
is aiming for BREEAM Very Good certification.