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Logistics specialist BGO is building a 90,000 square meter industrial property in Star Park Halle, ideal for industry, production, logistics and technology.
In Star Park on Autobahn 14, one of the last areas that has already been sold as reserve space is now being developed. According to its own information, the logistics specialist and real estate investment manager BentallGreenOak (BGO) is building an industrial property measuring around 90,000 square meters. The building comprises a total of eight hall sections. Four different usage concepts are planned: “SMALL BOX” from 8,757 m² of hall space, “CROSSDOCK” from around 16,000 m² with a two-sided delivery zone, “BIG BOX” from around 40,000 m² and the rental of the entire “THE SPACE” area with 80,209 m². The area is located between the locations of the companies Home24 and Isopan on Orionstrasse. The work is scheduled to begin at the end of 2023, which...
Logistics specialist BGO is building a 90,000 square meter industrial property in Star Park Halle, ideal for industry, production, logistics and technology.
In Star Park on Autobahn 14, one of the last areas that has already been sold as reserve space is now being developed. According to its own information, the logistics specialist and real estate investment manager BentallGreenOak (BGO) is building an industrial property measuring around 90,000 square meters. The building comprises a total of eight hall sections. Four different usage concepts are planned: “SMALL BOX” from 8,757 m² of hall space, “CROSSDOCK” from around 16,000 m² with a two-sided delivery zone, “BIG BOX” from around 40,000 m² and the rental of the entire “THE SPACE” area with 80,209 m². The area is located between the locations of the companies Home24 and Isopan on Orionstrasse. Work is scheduled to begin at the end of 2023 and the building will be ready for occupancy in the fourth quarter of 2024. The resulting industrial property will be perfect for companies in the areas of industry, production, logistics and technology.
Robert Weber, managing director of the municipal development and management company Halle-Saalkreis mbH, said about the settlement: "The resulting property is suitable for companies from the areas of industry, production, logistics and technology. I am pleased that this area, which has been privately owned for several years, is now being developed and will thus create the urgently needed space for more companies, creating jobs in Star Park and strengthening growth in the Halle (Saale) region."
“With this project, BGO underlines its trust in the logistics market in Central Germany and expands its presence as a major investor in Germany,” comments Jürgen Diehl, Managing Director at Bentalgreenoak. "The ESG issue is of course also very important to us. In addition to the platinum certification from the DGNB, we are also striving for a GEG 40 standard."
Steffen Sauer, Head of Logistics Letting Germany at Colliers on the project: "Various production and technology companies have settled in Star Park Halle in recent years. The need for space in this segment remains high, so the space is urgently needed to ensure new settlements and thus further growth in the region."
“With this project, BGO underlines its trust in the logistics market in Central Germany and expands its presence as a major investor in Germany,” says Jürgen Diehl, Managing Director at BentalGreenOak. "The ESG issue is of course also very important to us. In addition to the platinum certification from the DGNB, we are also striving for a GEG 40 standard."
Summary
The company BentallGreenOak (BGO) is planning to build a huge industrial property in Star Park on Autobahn 14. The building will cover around 90,000 square meters and be divided into eight different hall sections. There will be four different usage concepts, ranging from small hall areas to large areas for companies in the areas of industry, production, logistics and technology. Work is scheduled to begin at the end of 2023 and the building is expected to be completed in the fourth quarter of 2024. The location of the project is expected to strengthen growth in the Halle (Saale) region and create jobs for other companies.
Potential impact on the real estate market
BentallGreenOak's planned development in Star Park could have a positive impact on the real estate market, particularly in the area of industrial and logistics properties. The great demand for space for companies in the areas of industry, production, logistics and technology will be met by this new industrial property. This could lead to a strengthening of the real estate market in the Halle (Saale) region and cover the need for additional space for new settlements and companies wanting to expand.
The completion of the building in 2024 is expected to lead to an increase in the supply of space in the real estate market. Companies looking for suitable space for their business activities could be attracted by the diverse usage concept and the large area of the new industrial property. This could lead to increased interest from investors and companies considering Halle (Saale) as a location for their real estate investments or business expansions. This could lead to rising property prices and rental prices in the region.
BGO's planned industrial property also underlines the company's trust in the logistics market in Central Germany. This could lead to other investors and companies also showing interest in this market and wanting to make further investments. This could strengthen the real estate market as a whole and have a positive impact on the economy and growth in the region.
Source: According to a report by dubisthalle.de
Read the source article at dubisthalle.de