In partnership with Propel Industrial, the Vienna-based developer of prime logistics assets and an established partner for Invesco Real Estate in the European logistics sector, the 80,000sqm brownfield site will be fully redeveloped. The project offers significant upside potential, particularly with regards to value-creative asset management strategies. 

The existing industrial buildings on the site, constructed between 1979 and 2002, no longer meet today’s standards for modern industrial use and warehousing. The business plan envisions the development of approximately 45,000 sqm of high-quality, sustainable industrial space that will meet the requirements of future users. 

Situated between Stuttgart and Frankfurt/Heidelberg in southwestern Germany, the Bruchsal site is located 20 km north of Karlsruhe and 50 km south of Heidelberg. With highly convenient access to major highways such as the A5, A6, and A8, this facility serves as a crucial distribution hub connecting Switzerland, France, and central Germany. 

Invesco Real Estate and Propel Industrial have partnered on a number of initiatives. In August last year, for instance, Invesco acquired a 27,500 sqm freehold site in Bruck an der Leitha (Bruck), Austria, in partnership with Propel for Europe III, which will ultimately host a 15,000 sqm Grade A logistics facility comprised of three independent units. 

Felix Richter, Co-Head of Transactions Germany & Austria, Invesco Real Estate, said: “Today marks another milestone in our relationship with Propel Industrial and our focus on Europe’s highly attractive logistics market. The acquisition of the Bruchsal site, with its inherent long-term potential, underscores our shared vision and commitment to providing institutional investors with best-in-class opportunities in Europe.” 

You can now read the full press release at the link below