Frasers Property Industrial acquires a commercial property in Gaggenau, Baden-Wuerttemberg, as part of a sale-and-leaseback transaction. The seller and main tenant is SWARCO Dambach GmbH, which specializes in individual solutions for systems to secure, steer and regulate road traffic. The property is located in Gaggenau's industrial park on Adolf-Dambach-Strasse and has a total area of approximately 78,793 square metres. The property includes several production, logistics and office buildings, which provide a total leasable area of approximately 36,698 square metres.
The commercial property has convenient access for both transportation and public transport. Right next to the building there is a streetcar station, which allows for Rastatt to be reached in a 20-minute ride and Karlsruhe main station in a 35-minute ride. In addition, the B462 trunk road is within easy sight of the business park and provides access to the A5 federal freeway near Karlsruhe. Due to this, the site is well connected to France and also has a direct link to Basel on the French-Swiss border.
Alexander Heubes, Managing Director Europe for Frasers Property Industrial, welcomes the new tenant: "We are pleased to be able to expand our portfolio in the economically strong region of the central Upper Rhine. This is another milestone for our expansion strategy in the European market. We are highly motivated to further develop this excellent location together with SWARCO Dambach and have a lot of plans for the future."
SWARCO Dambach is one of the most important companies in Gaggenau's industrial history. Founded as a sign factory back in 1925, it has become a "hidden champion" in its niche through global expansion into 70 countries as well as through strategic acquisitions.
New development acquired in Lelystad, the Netherlands
We have acquired a development from Amazone Real Estate strategically located in Lelystad, the Netherlands. The development encompasses the construction of a new logistics facility spanning 36,402 sqm with construction set to begin in January.
Frasers Property Industrial reports profit before interest and tax of S$352.5 million (A$392.3 million & EUR 244.3 million) for FY23, with assets under management of S$11.0 billion (A$12.5 billion & EUR 7.6 billion).
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Frasers Property Industrial acknowledges the Traditional Custodians of the land which our business operates. We pay our respects to Aboriginal and Torres Strait Islanders Elders’ past, present and future.