European portfolio expands with Alezenau acquisition in Germany

9 February 2023 

 

 

COLOGNE, 30 JANUARY 2023

 

Frasers Property Industrial has acquired a 4.1 hectare commercial site in one of Germany’s top logistics regions, Alzenau, in the district of Aschaffenburg, adding to its strategic land bank in Europe. Development plans for the site will create three state-of-the-art industrial units totalling 21,400 sqm.  

 

Located at the Alzenau North industrial park in Lower Franconia, the property is close to the Bavarian-Hessian border and the major metropolitan region of Frankfurt am Main. Only 50 kilometres east of Frankfurt Airport, there are few vacant sites available for industrial use in this high-demand region that boasts important infrastructure hubs and convenient public transport for site workers. The site is only 1.8 kilometres from the A45 motorway and 13 kilometres from the A3 motorway, providing good transport connections across Germany and to the relevant border regions.

 

Colliers International Deutschland GmbH acted as advisors for the acquisition. 

 

Alexander Heubes, Managing Director Europe of Frasers Property Industrial, comments: “We want to provide our diverse customers with attractive and long-term space in the top logistics regions of Germany, including the Frankfurt region. Our latest acquisition in Alzenau – a region with scarce industrial availability - is a strategic location for our European portfolio and customers. Land for logistics and industrial use in these key sites will continue to be needed in the future, so the revitalisation of brownfields is a sensible strategy for us to reduce land sealing. The final asset will create a highly modern and sustainable industrial and commercial park that reflects Frasers Property Industrial’s high sustainability standards and net-zero ambitions."

 

The latest land acquisition brings Frasers Property Industrial’s strategic landbank to more than 2.3 million sqm across Europe and Australia. The Alzenau site complements other sites owned by the company in the Frankfurt region including Egelsbach, Hanau, Obertshausen and Dreieich.  

Related News

01.03.23

WGEA, Employer of Choice for Gender Equality

For the fifth year in a row, we have been named an Employer of Choice for Gender Equality by the Australian Government’s Workplace Gender Equality Agency (WGEA).

26.02.23

KAN Logistics Park - demolition update

Huge progress is being made at our latest development in the Netherlands, KAN Logistics Park, with the second stage demolition scheduled to start this month.

20.02.23

Our partnership with HHTS

We’re proud to be a foundational partner of Healthy Heads, whose mission is to help facilitate a psychologically safe, healthy & thriving working environment for the industry.

14.02.23

Austrian property portfolio sale

Austrian portfolio "4Urban" has been sucessfully sold - comprising of 4 logistics & warehouse properties - via a “share deal” to BNP Paribas Real Estate Investment Management (REIM).

14.02.23

Freedom secures lease at Rubix Connect estate

We have secured a 10-year lease with major Australian furniture and homewares retail chain, Freedom, at our Rubix Connect estate in Melbourne’s Dandenong South.

It helps to stay informed and ahead.
Subscribe to our latest news.