Germany-based GARBE Industrial Real Estate is establishing another business line, “Light Industrial”, with a new idea of acquiring standing inner-city properties for the light industrial and business park segment.
The company's “IndustrialQuarter” brand already focusses on new-builds, so buying existing properties is seen as an expansion.
Henning Reusch, most recently head of real estate management and a member of the executive board, will take charge of the unit as new head of light industrial as the firm seeks 'gap sites' and properties ripe for demolition which could lead to occassional development.
'The idea behind the Light Industrial department is to pool all of our management competencies that involve light industrial properties and business parks,' said Reusch.
'This will let us offer services that are yet more specialised in this field to investors, to tap value-add potential for them, while simultaneously helping our tenants to modernise their premises and to adapt them to their requirements.'
