Patron Capital and Inbright plan to invest up to €180m to renovate a newly acquired industrial site in Ludwigsburg, Germany.

The companies said they have acquired parts of the industrial site occupied by manufacturing business Mann+Hummel and plan to redeveloped the 550,000sqft into a modern research and development and light industrial campus. DZ Hyp is involved as a financing partner.

The site is located between Schlieffenstrasse, Grönerstrasse and Wilhelm-Fein-Strasse, in Ludwigsburg’s Weststadt area.

Till Meister, Inbright’s senior project manager for the Ludwigsburg project, said: “The industrial campus we’re planning to create will meet considerable demand in this area.

“With a particular focus on ESG, the space here will offer maximum energy efficiency and flexibility, and will be constructed using sustainable methods.”

Christoph Ignaczak, a senior partner at Patron Capital, said: “This major investment will contribute to the ongoing regeneration of Ludwigsburg’s Weststadt area, a vibrant location that is already undergoing significant changes. We’re pleased to partner with Inbright on this deal and look forward to exploring further opportunities with them.”

Kai Drinda, VP corporate real estate management at Mann+Hummel, said: “Inbright and Patron’s vision of a modern, sustainable campus for technology-enabled manufacturing businesses is both exciting and compelling.

The new space available for rent will bring new companies and jobs to the immediate vicinity of the Mann+Hummel headquarters as well as to Ludwigsburg more generally, further increasing the Weststadt area’s appeal as a business location within the Stuttgart region.”

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