Germany The largest deal for Garbe

The building complex was previously let to a textile logistics company. The deal is likely to be the largest single letting of the current year in the greater Hamburg area. The local branch of property consultancy Savills acted as agent for the letting.

The property is located in the southern part of the "Harkshörn" industrial estate and consists of a total of four halls with a logistics and office space of around 24,300 sqm. The floor load capacity is 5 t per sqm The building is equipped with 33 gates and 26 dock levellers for loading and unloading trucks. There is also a free-standing pavilion, which covers an area of around 1,900 sqm and is mainly used as an office building. There are parking spaces for 112 cars in the outdoor area.

Thanks to our active asset management, we have been able to successfully conclude a direct and long-term follow-on lease to a tenant with a strong credit rating in a challenging market environment.
Philipp Petersen, regional manager Hamburg at Garbe Industrial Real Estate

Norderstedt, located in the south of Schleswig-Holstein, is part of the Hamburg metropolitan region. The A7 motorway, which connects the site to Flensburg in a northerly direction and to Hamburg and Hanover in the south, can be reached in just a few minutes from the "Harkshörn" industrial estate. Hamburg Airport is 15 kilometres away.

Garbe Industrial Real Estate also has further sites in Norderstedt. In the Schützenwall commercial area, a logistics property is currently being built with a hall area of around 11,000 sqm. The property should be available in the summer of next year.