Union Investment leases first two units at City Logistics Hub in Nuremberg

Union Investment has signed a lease agreement with TOGE Dübel for two logistics warehouses, including office space, at the City Logistics Hub in Nuremberg. The tenant has secured a total of 5,046 sq m to expand its operations near its existing location.

TOGE Dübel, part of the Würth Group, is expected to take handover of the space in September, while completion of the warehouses is scheduled for January 2027.

The project involves the redevelopment of the former Meister Areal retail park into a largely electrified urban logistics scheme, providing approximately 26,700 sq m of logistics space alongside a local retail centre for residents and employees. Union Investment is investing around €60 million in the transformation through its open-ended institutional fund, UniInstitutional German Real Estate.

Matthias Wagner, Asset Manager and Project Manager at Union Investment, said: “The signing of the lease agreement with TOGE Dübel marks another important milestone for our transformation project. We are currently in discussions with interested parties regarding three further warehouses, which are due for completion next year. For the local retail space, we signed a long-term lease agreement with Edeka at an early stage.”