Garbe buys a wasteland near Dresden in Hagedorn
Garbe Industrial Real Estate is developing a top logistics property in the greater Dresden region for an investment volume of 24 million euros. The building, designed as a multi-user warehouse with a total area of 24,500 m², is fully leased to Geodis. The logistics real estate developer recently acquired the industrial wasteland from the Hagedorn group.
The new building is being constructed on a site of approximately 42,000 square meters in Coswig in the district of Meißen in Saxony, 15 kilometers northwest of Dresden’s city center. A pulp mill once stood on the site. The Hagedorn group of companies had acquired the site, dismantled the old production building and extensively redeveloped the industrial wasteland – with the aim of laying the foundations for a project with urban added value. The Hagedorn Group has now sold the site, which is ready for construction, to Garbe Industrial Real Estate.
The high demand for modern logistics real estate in the greater Dresden region played a key role in the choice of location. “Land is scarce, so the demand for available space is extremely high,” emphasizes Jan Dietrich Hempel, managing director of Garbe Industrial Real Estate. „The fact that we were able to rent the entire property to GEODIS even before the works started shows how much modern properties are in demand in the region.“
The tenant intends to use the new building primarily to provide contract logistics services to customers in the high-tech, industrial, consumer goods, automotive and retail sectors. A total of 24,500 square meters of space, including office and social space, is available for this purpose. Garbe Industrial Real Estate commissioned fabrikon GmbH, a logistics construction company based in Kassel, as general contractor for the construction. The property will be equipped with 20 dock levelers and two gates at ground level. Parking spaces for 62 cars and 12 trucks will be created outside. The S 84 motorway passes in the immediate vicinity. The so-called Elbe Valley Road connects Meissen with Dresden. The site is connected to the national and international motorway network via the S 84 as well as the B 6 Leipzig – Dresden and the A 4 Bad Hersfeld – Görlitz.
Sustainability criteria are of great importance in the development of the property. The new building is being built on a site undergoing conversion and will meet the latest energy standards. Some parts of the facade will receive greenery. A photovoltaic system will be installed on the entire roof of the hall to generate renewable energy. Certification to the Gold Standard of the German Green Building Council (DGNB) is also planned for the entire property. The property is expected to be completed in October this year.
„As Lord Mayor, I am pleased, also on behalf of the City Council, that our efforts to develop commercial areas in recent years have been successful. With this large, modern logistics facility, a new settlement in Coswig has succeeded, which not only meets current customer requirements, but also sets standards in environmental protection with a complete PV system and greening of facades,” says Thomas Schubert, Lord Mayor of Coswig.
Colliers International Deutschland acted as an intermediary in the rental process.