Swiss Life AM acquires logistics development site in Germany

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Swiss Life AM acquires logistics development site in Germany

Swiss Life Asset Managers has purchased a 36,000 square metre development site for a logistics property project in Laichingen, south-east of the Stuttgart metropolitan region in Germany.

On the approximately 36 000 square metre greenfield site in Rudolf-Diesel-Straße, the investor-developer will develop the “Stuttgart Southeast 1” project, a state-of-the-art logistics property with more than 21,000 square metres of rental space.

Construction is scheduled to start in the first quarter of 2024 and is expected to be completed in the fourth quarter of 2024.

“Located in a promising logistics region, this property is an excellent addition to our portfolio,” explains Ingo Steves, Managing Partner Logistics at Swiss Life Asset Managers. “The new site is an important part of our investment strategy to create long-term and sustainable added value for the corresponding regions. Our first logistics project development in Baden-Wuerttemberg is also in line of our Europe-wide expansion strategy,” Steves continues.

The location in the Alb-Donau region offers excellent connections to the national and international logistics network thanks to its central position between the Stuttgart metropolitan region and the city of Ulm, as well as its proximity to the A8 and A7 motorways. The urban agglomeration also makes the region an attractive location for the regional distribution and generates a constantly high demand for logistics.

“Serving flexible customer needs is an important aspect of our planning. Therefore, the property will be able to fulfil the requirements of a single tenant as well as multiple tenants.  This also reflects our customer-centric approach,” emphasises Alexander Schmid, Head Development Logistics at Swiss Life Asset Managers.

Most of the property’s 21,080 square metres of total rental space will be taken up by logistics areas, while around 630 square metres of social and office space will be available. Spacious mezzanine areas will also be included. The building can be divided into three units, each with 6,000 square metres.

The installation of heat pumps is planned to generate renewable energy for the site. In addition, the roof will be equipped for the operation of a photovoltaic system. Overall, the property is aiming for BREEAM Very Good certification.

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