(HAMM, GERMANY) – Hines, the international real estate firm, has started construction on DistributionPark logistics center in Hamm-Uentrop, Germany. The project will feature 1,200,000 square feet of modern logistics space as well as high-quality office and social facilities. For the first construction phase, Hines also announces the long-term lease to Arvato Supply Chain Solutions. The company will manage the complete logistics and fulfillment for orders of the leading beauty platform Douglas in the DACH region and the Netherlands.
Together with Tina Müller, CEO of Douglas Group, and Frank Schirrmeister, CEO of Arvato Supply Chain Solutions, the foundation stone for a distribution center measuring over 400,000 square feet was laid with a symbolic groundbreaking on Friday, December 11, 2020. Construction is scheduled to finish in Q4 2021. Arvato Supply Chain Solutions is underlining its long-term commitment to the site by making substantial investments and creating several hundred jobs.
Christian Meister, Managing Director at Hines Immobilien, the Development Manager for the project: “We are very pleased to lease the complete first construction phase to Arvato Supply Chain Solutions. Together we will build a state-of-the-art logistics center that will set standards in the industry in terms of sustainability and automation. At the same time, we are holding confident talks with tenants for the second construction phase. The flexible floor plans offer the possibility of renting logistics space from 96,000 square feet upwards.”
Through existing earth walls, green spaces and trees, the new logistics center will be carefully integrated into its surroundings to meet Hines’ high sustainability criteria. DGNB certification is also being sought. This will make the Hines DistributionPark one of the most sustainable logistics centers in Germany.
The already existing industrial area of Hamm-Uentrop is ideally located in the booming logistics industry in the eastern Ruhr district. The location is well connected to the motorways and, via an access point in Dortmund, to the European rail network for combined freight transport.
Hines signed a purchase agreement for the site in early 2019 as part of a new investment strategy in the logistics sector. Hines is focusing on the development of selected locations, either with a develop-to-hold approach or with the aim of selling the properties in the market at a future date. The high-quality standards associated with the Hines name always ensure strong brand recognition for the company´s properties – and not only in Germany. Hines sees logistics real estate as an integral part of rural and urban structures.
BNP Paribas and Colliers advised on the leasing.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 225 cities in 25 countries. Hines has approximately $144.1 billion1 of assets under management, including $75.5 billion for which Hines serves as an investment manager, including non-real estate assets, and $68.6 billion for which Hines provides third-party property-level services. The firm has 165 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,426 properties, totaling 472 million square feet. The firm’s current property and asset management portfolio includes 576 properties, representing over 246 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. ¹AUM includes both the global Hines organization as well as RIA AUM.
Since entering Europe in 1991, Hines has grown its European platform to include offices in 16 cities as well as a presence in 55 cities in 13 countries, with €22.7 billion of assets under management, including €19.8 billion for which Hines serves as an investment manager and €2.9 billion for which Hines provides third-party property-level services, in Austria, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain and the United Kingdom.
Since the opening of its site in Germany in 1991, Hines has acquired or developed a total of 59 properties with an overall surface area of over 2.4 million m² for Hines or on behalf of external clients, including properties such as the Main Tower, 160 Park View and the Silberturm in Frankfurt, Zoom and Quartier Südkreuz in Berlin, Hofstatt, Uptown München, Tucherpark and OSKAR in Munich, the Überseequartier Nord district in Hamburg, the Benrather Karree and Kö-Quartier in Düsseldorf, and the Postquartier and Kronprinzbau 1+2 in Stuttgart. Hines currently manages property in Germany with an overall value of around €7.2 billion as an asset and development manager.
Visit www.hines.com for more information.