07 Oct 2019
COLOGNE, 7 OCTOBER 2019
Frasers Property Industrial (“FPI”) today announced it has completed the turn-key expansion of Fuggerstraße Logistics Park in Bielefeld-Sennestadt, Germany. The new facility at Fuggerstraße 13 is a brownfield build-to-suit state-of-the-art project for FPI’s tenant, B+S GmbH Logistics and Services (“B+S GmbH”), an international logistics company. With the completion of the project, 23,500 sqm of logistics space has been added to the 55,000-sqm Fuggerstraße Logistics Park. B+S GmbH’s neighbouring facility within the Fuggerstraße Logistics Park was also developed by FPI.
The project involved the dismantling of existing buildings and the repositioning of the new building. This was achieved without having to use or destroy arable land or grassed areas. FPI took just seven months to complete construction and deliver the new facility. “With the building and leasing of this second site to B+S GmbH, we are delighted to strengthen our cooperation with them,” said Ulla Rademacher, FPI’s project leader. “Our partnership with B+S GmbH to build them a new facility demonstrates FPI’s ability to understand the unique needs of our tenant and bring our expertise to provide a solution that suits them.”
“Brownfield developments is one of FPI’s core competencies. We will continue looking for opportunities to leverage our existing assets enhance our portfolio for the long term,” she added.
In July, Frasers Property announced the formation of an integrated industrial and logistics platform, combining its industrial and logistics operations in Australia and Europe, and asset and property management in relation to the Group’s Singapore-listed Frasers Logistics & Industrial Trust.
B+S GmbH strengthens business in Bielefeld with 40 additional workplaces
Due to its geographic location, Bielefeld has a strategic position in the logistics chain in Germany. B+S GmbH was already leasing 22,000 sqm at Fuggerstraße Logistics Park and increases its capacity with the leasing of this new structure. This new building not only provides B+S GmbH with more capacity but also a more sustainable facility that takes into account environmentally sustainable requirements by means of among other things, a low consumption of fossil fuels and its state-of-the-art LED lighting. “We are happy to further strengthen Bielefeld as a business location with our expansion,” says Stefan Brinkmann, Managing Partner of B+S GmbH. “We expanded our E-Commerce-Fulfilment business and created 40 additional workplaces on-site. Thus, we now have roughly 200 employees in Bielefeld.”
This development at Fuggerstraße Logistics Park is not FPI’s first brownfield project. FPI has also successfully reconstructed older areas in Tamm industrial park in Stuttgart, one of the most densely inhabited regions in Germany.