Ashurst has successfully guided HIH Invest in a significant acquisition of a logistics project in Garbsen, Lower Saxony. This transaction, part of an ongoing joint venture with Urban Partners, represents the third project aimed at developing sustainable logistics assets in Germany. The deal underscores the joint venture’s commitment to enhancing the logistics landscape in the region.
Details of the Logistics Project
The logistics project spans approximately 25,000 square meters, with construction slated to begin in the first quarter of 2026. The facility is expected to be completed and ready for occupation by the end of that year. Notably, the lettable area of around 15,000 square meters has already been fully pre-let on a long-term basis, indicating strong demand for modern logistics solutions in the area.
Financial backing for this project comes primarily from Urban Partners’ NSF V fund, which is recognized as the largest value-add real estate fund in Europe. This substantial investment highlights the project’s potential and the confidence that investors have in its success.
Sustainability and Design Features
The logistics hall is designed to meet rigorous sustainability standards, aligning with current EU requirements. The project aims to achieve DGNB Gold certification, reflecting its commitment to eco-friendly construction practices. Key features include a heat pump system for heating, along with plans for a rooftop photovoltaic installation to harness solar energy.
Flexibility is another key aspect of the building’s design, as it can be subdivided into two units for third-party use. This adaptability allows future tenants to customize the space according to their operational needs, further enhancing the appeal of the facility.
Legal aspects of the acquisition were overseen by a team from Ashurst, led by partner Dr Liane Muschter. She was supported by counsel Christopher Jeschor, associate Achim Weimer, and transaction lawyer Ibrahim Ünal, all from the Frankfurt office. Tax matters were managed by partner Tino Duttiné and counsel Miriam Staatz.
This acquisition not only reinforces the joint venture’s portfolio but also reflects a growing trend towards investing in sustainable infrastructure in Europe. As logistics demand continues to rise, projects like this one are increasingly important for meeting the needs of businesses while adhering to environmental standards.
