New industrial and commercial park planned for Germany

• Frasers Property Industrial has acquired a 184,700 sqm plot with plans to develop ~100,000 sqm of multifunctional logistics space
• The development will be targeting Gold certification from the German Sustainable Building Council  

Frasers Property Industrial has acquired a 184,700 sqm site in Itzehoe within Germany’s Schleswig-Holstein state for the development of a new industrial and commercial park. 

The site will be developed into 100,000 sqm of multifunctional space across three phases. This includes the construction of a single building spanning approximately 70,000 sqm. Measuring nearly 400 m in length and 200 m in depth, the structure will offer versatile usage options catered to the needs of businesses from various industries. 

Strategically located at Vossbarg 1 in Itzehoe, the site has excellent transport links such as a railway station and the A23 motorway, with connections to Hamburg (60 km away), the port of Hamburg and the Elbe port of Brunsbüttel. 

Alexander Heubes, Managing Director Europe at Frasers Property Industrial said, "The proximity to international trade flows makes the location in the north-west of the Hamburg metropolitan region particularly attractive for a range of customers. With this new industrial and commercial park, we are expecting demand from both global players and regionally based small and medium enterprises. 

Frasers Property is targeting a Gold certification from the German Sustainable Building Council (DGNB) for the development, implementing features such as smart metering and heat pump technology. 

Ralf Hoppe, Mayor of the city of Itzehoe said, "Together with energy and environmental technology, the logistics sector forms the foundation for our prospering economic centre. The availability of sustainable commercial space is a basic prerequisite for maintaining and further expanding the economic strength of our region.”