Global real estate investment manager BentallGreenOak has announced plans to develop one of the largest contiguous industrial and logistics spaces in Central Germany at Star Park Halle.
In the 230 hectare industrial area, directly located at the A14 motorway near Halle/Saale, BGO will develop a 89,677 m2 building known as The Space, starting at the end of 2023 and which will be ready for occupancy in Q4 2024.
Steffen Sauer, head of Logistics Letting Germany at Colliers said: 'Various production and technology companies have settled in Star Park Halle during the recent years. The demand for space in this segment continues to be high, and the areas are therefore urgently needed to ensure new settlements and thus further growth in the region.'
'With this project, BGO underlines its confidence in the logistics market in the Central Germany region and expands its presence as a major investor in Germany,' added Jürgen Diehl, managing director at BentalGreenOak. 'Of course, the ESG issue is also very important to us. We are striving, in addition to the platinum certification of the DGNB, also for a GEG-40 standard.'
Colliers will search for suitable users from the logistics, production and technology sectors and is already conducting initial talks with prospective tenants.
