Blackbrook is expanding its portfolio in Germany through the speculative development of two new logistics facilities in Kerpen, with joint venture partner Trammell Crow Company acting as development manager.
The two class-A logistics facilities will provide 28,000 m2 and will benefit from 12 metre clear heights and a 6 tonne floor load capacity. Both sites are expected to achieve a BREEAM Excellent certification upon completion.
The new facilities are 40km from Cologne Bonn Airport, the third busiest cargo airport in Germany, and the Port of Cologne-Niehl on the River Rhine, one of the world’s busiest freight rivers.
The development is in joint venture with Trammell Crow Company (TCC), a global developer and investor in commercial real estate, which will act as development manager.
This transaction follows Blackbrook’s recent sale-leaseback and speculative development transaction in Erfurt announced in February 2024.
Arvi Luoma, co-founder and CEO of Blackbrook added: 'These assets are being built to meet the latest occupier requirements and ESG standards, in a prime logistics market where demand continues to far exceed supply, making this investment fully in line with Blackbrook’s strategy to bring future-proof supply chain infrastructure to Europe’s most under-served markets.'
Maximilian Moser, senior Business development manager at Trammell Crow Company noted: 'This latest addition to our development portfolio in Germany aptly demonstrates our wider strategy in Europe: namely, creating prime assets with strong sustainability credentials in strategically important locations at an excellent cost basis, all while partnering with some of the most highly regarded names in real estate. Given its strong fundamentals, we expect these new facilities to be of significant interest to prospective occupiers and look forward to working with the team at Blackbrook to achieve exceptional results.'
