Swiss Life Asset Managers is expanding its development portfolio with the acquisition of a 77 000 square metre site near the capital of Lower Saxony. A modern logistics property with a rental area of more than 44 000 square metres will be built there.

Swiss Life Asset Managers has exclusively acquired a ready-to-build site in Wietze, north-west of Hanover. The investor-developer will develop the “Hanover North I” project, a state-of-the-art logistics property with approximately 44 000 square metres of rental space, on a more than 77 500 square metre site in Steinacher Strasse. Project development start is planned for 2025.

‘The Hanover region is a central hub for logistics in Germany and Europe, which makes it an ideal location for our new project,’ explains Ingo Steves, Managing Partner Logistics at Swiss Life Asset Managers. ‘With Hanover North I’, we strengthen our Europe-wide logistics pipeline ‘Roots’ with another state-of-the-art property while advancing our investment strategy of creating long-term and sustainable added value in central regions of Europe,’ Steves continues.

The location in the district of Celle is situated in the triangle of the major Northern German cities of Hanover, Bremen and Hamburg and offers easy access to the German motorway network via the nearby A7 motorway as well as the multimodal infrastructure facilities in the region, such as the Hanover-Lehrte freight transport centre (GVZ), the Hanover-Langenhagen cargo airport and the Hanover container terminal.

“With its high sustainability standards and flexible usability, this property offers an ideal concept for a variety of individual customer needs and thus reflects our customer-centric approach,” emphasises Alexander Schmid, Head Development Logistics at Swiss Life Asset Managers.

The property will offer a total rental area of 44 182 square metres, divided into four building units, which can be rented to either a single or multiple occupants. In addition to 37 882 square metres of warehouse space, this also includes 1800 square metres of social and office space as well as around 4500 square metres of mezzanine space. The 77 197 square metre site will be accessible via four ground-level driveways.

The installation of heat pumps and a photovoltaic roof system is planned to generate renewable energy. Overall, the property is aiming for a BREEAM “Very Good” certification.

Visualisierung_Hanover_North_I_(c)Swiss_Life_Asset_Managers
Visualisierung_Hanover_North_I_(c)Swiss_Life_Asset_Managers

Visualization of the project ”Hanover North I” – © Swiss Life Asset Managers

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Swiss Life Asset Managers Deutschland
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Johannes Meiborg
Phone: +49 151 5062 76 13
media-de@swisslife-am.com