Garbe Industrial’s regeneration arm has acquired a 40,000sqm brownfield site in Germany from Thyssenkrupp Materials Services.
Garbe has invested an unspecified sum to acquire the site in Bielefeld, North Rhine-Westphalia.
Until the end of 2026, the property on Arthur-Ladebeck-Straße will continue to be used as a sales location by materials distributor Thyssenkrupp Schulte before Garbe takes possession of the site.
The company said the site already holds planning permission and initial development concepts, but it is also evaluating alternative uses before making a final commitment to a specific realisation plan.
Source: realassets.ipe.com on the 10th of February