Alpha Industrial has secured 250,000 m2 of land across Germany for the conversion and development of new logistics buildings.
Alpha Industrial has secured 250,000 m2 of land across Germany for the conversion and development of new logistics buildings.
The Cologne-based company obtained the mandate through its role as development partner to an unnamed foreign investor.
The portfolio comprises around 740,000 m2 of land and around 277,000 m2 of built-up areas in industrial parks including logistics sections as well as a motorway service area.
In the eight sites in Germany, up to 250,000 m2 of land is available for development and construction work. 'In the current market environment it is increasingly important to identify land that can be developed for logistics,' said Ulrich Wörner, technical director of Alpha Industrial.
The company said that the deal will enable it to offer potential users the opportunity to drive growth in modern and well-situated buildings in an environment characterised by a shortage of space.
'Now, Alpha Industrial’s task is to realise the considerable potential of some of the land, which is either a brownfield state or will be ready for development following deconstruction measures,' Wörner added.
