Industrial real estate developer and investor Panattoni Europe has been contracted to develop a complex logistics project for SCHMALZ + SCHÖN in Waiblingen near Stuttgart.
With the extensive refurbishment of the existing two-storey building and construction of two additional new halls Panattoni Europe will create approx. 25,000 square metres of space for the logistics group. Construction will begin in March of next year by which time the old buildings will have been pulled down. Completion is scheduled for the end of September 2017.
“This development is an especially complex task involving the demolition and refurbishment of a building while it is still being used and at the same time the construction of two extensively equipped new halls. The result will be a modern new facility providing maximum flexibility for top-quality logistics solutions,” explains Fred-Markus Bohne, managing partner of Panattoni Europe.
The site is located about 14 kilometres north-east of Stuttgart in Waiblingen-South in the Heerstraße industrial estate. This location is part of the Mittlerer Neckar industrial region and has a very good connection to Stuttgart via the B14. With its proximity to the city and the good traffic connection, this area provides excellent conditions for city logistics. Furthermore, the head office of Daimler AG and the most important manufacturing centres of Robert Bosch GmbH are situated in the immediate vicinity.
The facilities were acquired jointly by TH Real Estate and Palmira Capital Partners for the portfolio of the Investoren-Club-Fonds German Logistics (ICF GLog).