Garbe Industrial Real Estate has announced the acquisition of a 192,000 m2 plot of land in the municipality of Ludwigsau near Bad Hersfeld (Hesse, Germany) for an undisclosed amount.
The project developer aims to build a logistics centre with a total area of up to 97.000 m2. The project will represent an investment of around EUR85 million.
The site, which is ready for construction, is located in the Bad Hersfeld-Ludwigsau Enterprise Park, a roughly 840,000 m2 industrial estate in the North Hessian city-triad of Bad Hersfeld, Bebra and Rotenburg an der Fulda.
‘With this purchase we have secured one of the last available, ready-to-build prime sites in this size range,’ said Garbe’s Jan Dietrich Hempel.
Construction of the logistics centre is scheduled to begin in the second half of the year. Completion is planned for the end of 2023
Source: propertyeu.info on the 2nd of February
(https://propertyeu.info/Nieuws/Garbe-secures-192-000m2-plot-for-85m-German-project/a8ed05cf-c5b9-4e09-a8fd-f7d6b76054fd)