Former Vallourec site acquired in Düsseldorf, Germany

14 JUNE 2021

  • Acquisition of a 14-hectare site in Düsseldorf from Vallourec
  • Frasers Property Industrial plans to develop a sustainable commercial and logistics park with a total lettable area of approximately 72,500 square metres
  • Demolition is scheduled to start at the end of 2021 

 

Frasers Property Industrial has acquired the 14-hectare former Vallourec site in Düsseldorf's district Reisholz and announced plans to develop a 72,000 square metre sustainable and multifunctional commercial and logistics park. 

The site has excellent connections to the center of Düsseldorf and to the supra-regional transport axes. Düsseldorf's main train station is only 8 km away and the A46 freeway, which is 2.5 km away, offers both an excellent east-west connection and access to the A3 and A57 federal freeways. In addition, tenants will benefit from the high density of the transport network in the Rhine-Ruhr region, with the international airports of Cologne and Düsseldorf as well as the important inland port in Duisburg. The site is located in the prominent vicinity of the Henkel AG and BASF plant sites. 

Alexander Heubes, Managing Director Europe for Frasers Property Industrial comments, "For Frasers Property Industrial, the revitalization of the Vallourec site is another milestone in our European growth strategy. Our goal is to revitalize the area in a sustainable way in order to generate space for new settlements and local growth, ultimately strengthening the economic region Düsseldorf.”  

Christoph Bem of Vallourec, comments, "This property has a rich industrial history that’s spanned over 120 years. We are happy to see that Frasers Property Industrial will breathe new life into the site so that users can benefit from its size and excellent transport connections. Where one story ends, a new one can begin. We wish Frasers Property Industrial success in its development." 

In developing the site, it is important to Frasers Property Industrial to enable a broad mix of users. In the first phase of the project, large hall sections comprising approximately 43,500 square metres of production and logistics space will be developed. The second phase will be a 29,000 square metre state-of-the-art business park, complemented by parking spaces and outdoor and green areas designed to reflect the historical use of the area. 

The deconstruction of the existing faciltiies on the site will take place carefully under consideration of an elaborate demolition and disposal concept. Construction waste material will also be recylcled. Frasers Property Industrial is targeting the gold certification from the German Sustainable Building Council (DGNB) for the new development.  

Frasers Property Industrial was supported in the transaction by the Düsseldorf office of BNP Paribas Real Estate. 

Related News

Komatsu Australia commits to 10-year lease at Canvas West estate in Melbourne
06.12.22

Komatsu Australia commits to 10-year lease at Canvas West estate in Melbourne

We secured a 10-year lease with Komatsu Australia, a leading manufacturer of construction, mining, forestry, & industrial heavy equipment, at its 42.3-Ha Canvas West estate in Victoria.

04.12.22

FDM Warehousing commits to lease at West Park Industrial Estate in Victoria

Supply chain solutions provider and existing customer, FDM Warehousing, has committed to a 15,228 sqm distribution centre at our West Park Industrial Estate in Truganina, Victoria.

28.11.22

Shaw Performance Fabrics & Silk Contract Logistics move into our Canvas West Estate

Our customers Shaw Performance Fabrics & Silk Contract Logistics have moved into their new, state-of-the-art facilities at our Canvas West estate in Melbourne's west.

20.11.22

Spicers commits to 5 year lease at The Key Industrial Park in Victoria

Visual display materials and equipment supplier, Spicers, has committed to a five-year lease at The Key Industrial Park in Keysborough, Victoria.

16.11.22

Ede Logistics facility in the Netherlands has 4000 PV panels installed

Our Europe team partnered with Joulz to install over 4,000 PV panels at the Ede logistics facility. The installation moves us closer to our goal of net zero, as well as minimises the building’s carbon footprint.

Fresers Property Industrials

It helps to stay informed and ahead.

Subscribe to our latest news.