Swiss Life Asset Managers is expanding its development portfolio with the acquisition of a plot of around 45 400 square metres near the Ruhr area. It will be used to build a modern logistics property with rental space of almost 24 700 square metres.
Swiss Life Asset Managers has exclusively acquired a plot of land ready for construction in Wadersloh, close to the eastern Ruhr area. On the site on Diestedder Strasse, which comprises more than 45 000 square metres, the investor-developer will develop the “Rhine-Ruhr Northeast” project, a state-of-the-art logistics property offering almost 24 700 square metres of rental space. The project is scheduled to start in 2025.
“The North Rhine-Westphalia global logistics hub is one of the world’s most important logistics regions,” explains Ingo Steves, Managing Partner Logistics at Swiss Life Asset Managers. “With ‘Rhine-Ruhr Northeast’, we are not only adding another state-of-the-art property to our Europe-wide logistics pipeline ‘Roots’, we are also strengthening our portfolio in this central region,” Steves continues.
The site in the district of Warendorf is centrally located between the Westphalian cities of Münster, Bielefeld and Paderborn and the eastern Ruhr area, which is one of the most densely populated regions in Europe. In addition, it offers good trimodal links to the national and international transport network. While the German motorway network is accessible via the nearby A2 motorway, the port of Hamm, the cargo airport of Paderborn-Lippstadt and Hamm railway station are also within a radius of 40 km.
“This property will offer its users long-term added value thanks to its flexibility of use and sustainable energy measures,” says Alexander Schmid, Head Development Logistics at Swiss Life Asset Managers.
The property has a total rental area of 24 655 square metres, divided into three building units, which can be rented to either a single occupant or multiple occupants. In addition to 21 537 square metres of storage space, the rental space also includes 1318 square metres of social and office space and around 1800 square metres of mezzanine space. The property will be accessible via three ground-level entrances.
The installation of heat pumps and a rooftop photovoltaic system is planned to generate renewable energy. Overall, the property is aiming for a BREEAM certification of “Very Good”.
Visualization of the logistics project “Rhine-Ruhr Northeast” – © Swiss Life Asset Managers
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