We are delighted that we made a promising addition to our portfolio with this logistics property near Hannover. The property benefits from its excellent location and secure rental income due to long-term contract period.
The state-of-the-art logistics centre, with an area of around 23,000 sq m (c. 247,600 sq ft), is currently being built in Wunstorf near Hannover. The property is already fully pre-let and currently under construction, it is expected to be completed in the first quarter of 2020. The asset’s location benefits from an ideal infrastructural location in the hinterland of the German seaports with direct access to all major transport routes. The new building is divided into around 21,300 sq m (229,300 sq ft) of storage space and 1,700 sq m (18,300 sq ft) of hall, office and mezzanine space. After completion of the building a DGNB Gold certification, which assesses the sustainability of buildings and urban areas, will be sought.
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