Thursday, 27 November 2025
Urban Partners and HIH Invest have purchased a logistics development site in Garbsen, Lower Saxony, through their existing joint venture focused on German logistics assets. The acquisition is the third transaction completed by the partnership. Most of the project financing comes from Urban Partners’ NSF V Fund, described by the company as the largest value-add real estate fund in Europe.
The project involves the development of a logistics hall on a roughly 25,000 m² site. Construction is scheduled to begin in the first quarter of 2026, with completion planned for the end of 2026. The planned building will have around 15,000 m² of rental space, which has already been fully pre-let on a long-term basis.
“With this transaction, Urban Partners and HIH Invest are strengthening their successful partnership in a strategically important market with high demand for high-quality and sustainable logistics properties. The development in Garbsen is already our third joint project and will generate stable cash flow thanks to a high pre-letting rate from resilient key industries. By prioritizing flexibility and high ESG standards, we are creating future-proof logistics solutions with this project that offer long-term value for investors and users alike,” said Wolfgang Ködel, Managing Director at Urban Partners.
This marks Urban Partners’ tenth logistics-sector investment in Germany. The company now manages over 210,000 m² of logistics projects in the country. The acquisition in Garbsen follows joint purchases in Herten earlier in the year and in Bensheim during summer 2025.
“With this third purchase within a few months, the joint venture’s investment volume has risen to a three-digit million figure. We continue to look for attractive deals and already have several projects in the pipeline. HIH Invest scores highly with its experience from logistics transactions worth over €1.5 billion. This makes us one of the leading investment managers for logistics in Germany,” said Lars Bothe, Head of Value Add at HIH Invest.
Maximilian Tappert, Head of Transaction Logistics at HIH Invest, added: “With the project development in Garbsen, we have found an excellent addition to our portfolio. The logistics hall offers a space layout that can be used for third-party purposes and can be divided into two rental units. The completed property meets current sustainability requirements and is being built in accordance with taxonomy standards. A DGNB Gold certificate is being sought. The property will be heated by a heat pump and a photovoltaic system will be installed on the roof.”
The development is located within an established commercial and industrial area in Garbsen. The site has direct access to the B6 federal highway, offering connections to the A2, A352 and A7 motorways. Hanover Airport is about 20 minutes away, and the Hanover-Lehrte freight terminal can be reached in approximately 30 minutes. Ashurst provided legal due diligence, and Drees & Sommer advised on technical aspects.
