Joint venture partners Alpha Industrial and land specialist Hagedorn Revital have announced plans to develop a new business park in the west German city Duisburg, aimed at a variety of end-users.
The two companies are developing the 140,000 m2 brownfield site with a view to providing space for a diverse range of commercial, production and industrial companies as well as specialised service providers. In the past, it was occupied by a single industrial user.
Rheindeich S.á.r.l. is the owner of the land plot and plans to invest a total of €48 mln in the project.
Construction work on the new business park is expected to take place in three phases, creating a total capacity of about 70,000 m2.
Earlier this month, the official ground-breaking ceremony took place for the first building project on the site, a 30,000 m2 modern facility for anchor tenant VCK Logistics SCS Projects.
__________________________________
What to find out about the latest news and trends in the German real estate market? Don't miss PropertyEU's annual
Outlook 2017: Europe & Germany investment briefing
Date: 6 December 2016
Time: 09:00 - 11:30
Location: King & Spalding LLP
Taunustor 1
TaunusTurm, Frankfurt am Main, 60310,
Germany
With the kind support of the Economic Development Department of the City of Frankfurt
What is the outlook for the German market in 2017? Will it continue to benefit from its safe-haven status and from the fall-out of Brexit, or will upcoming elections cause jitters among investors?
Germany has come second only to the UK in foreign investors' European shopping list over the last few years. Will the strong economy keep interest in the office and residential sectors at high levels? Will strong demand continue to outstrip supply? Will lack of product push investors up the risk curve into secondary markets and alternative sectors? Where are opportunities likely to be found? Is the strong growth seen recently in the student housing and microliving sectors going to continue? How fast will smaller university cities and new 'brain hub' grow? These questions and many others will be answered by our panel of market experts. Join the discussion and ask your own questions.
Attendance is complimentary but places are strictly limited. Please register now to book your place
