Logicenters strengthens its presence in Germany through a joint venture with a German family office to build up a logistics portfolio in Germany. As a first project, they are developing 18,500 sqm in Mannheim.
German investment and asset manager evolutiq and Logicenters will act as development and asset managers for the joint venture partners.
The joint venture partners focus on further strengthening their footprint in Germany by building up a sustainable logistic portfolio. With this collaboration, Logicenters exemplifies its ongoing efforts to provide top-notch logistics solutions.
The first development of the joint venture is a brownfield development in Mannheim. It aims to build a modern and green logistics warehouse of approx. 18,500 sqm on a property of approx. 28,000 sqm. The facility is expected to be completed in Q1 2025. It will be located on Friesenheimer Straße 2-4, which is close to Mannheim’s city centre, with connections to both Frankfurt and South Germany. Mannheim’s City Airport is less than 20 minutes away by car.
The project in Mannheim will be developed in line with the joint ventures ambitious sustainability objectives and is still awaiting a new tenant to be leasing the property.
Source: phase 5 GmbH, as of June 2023