Beos Logistics, a joint venture between Swiss Life Asset Managers, Ingo Steves and Stephan Bone-Winkel, has announced plans to develop two logistics facilities in Wülfrath, near Düsseldorf on a speculative basis.
The assets are being developed on a 95,000-sm2 site formerly used by Knorr-Bremse, Ford and Volkswagen and recently acquired from the Irish group Lanber Properties for an undisclosed amount. The brownfield site is planned to accommodate 50,000 m2 of space on completion in spring 2023. Demolition work is scheduled to start next month, with construction work due to begin in spring 2022. The transaction was brokered by BNP Paribas.
'The acquisition of this site in the Düsseldorf catchment area allows us to develop large modern and contiguous logistics space on a speculative basis thanks to the substantial financial firepower of Swiss Life Asset Managers,' said Ingo Steves, managing partner of Beos Logistics. 'Demand from logistics service providers in the region is high, while the supply of units between 20,000 and 50,000 m2 is extremely low. As a result, we expect strong interest in the space we are now developing.'
This second logistics development follows the recent announcement of the development of Beos Logistics’ first logistics complex: an 85,000-m2 pre-let facility in Rhein-Lippe-Hafen at DeltaPort Niederrheinhäfen in Wesel near Duisburg.
