14 Jun 2021
COLOGNE, 14 JUNE 2021
Frasers Property Industrial acquired the 14-hectare former Vallourec site in Düsseldorf's industrial district Reisholz. It announced plans to redevelop the site into a 75,000 square metres sustainable mixed-use commercial and logistics park.
The site has excellent connections to the centre of Düsseldorf with transportation links to the surrounding regions. Düsseldorf's main train station is only 8 km away, and the A46 freeway -- just 2.5 km from the site -- offers excellent east-west connectivity and access to the A3 and A57 federal freeways. In addition, tenants will benefit from the high density of the transport network in the Rhine-Ruhr region including the international airports at Cologne and Düsseldorf as well as the important inland port in Duisburg. The site is situated within the vicinity of the prominent Henkel AG and BASF plant sites.
Alexander Heubes, Managing Director Europe for Frasers Property Industrial comments, "For Frasers Property Industrial, the revitalisation of the Vallourec site is another milestone for our European growth strategy. Our goal is to develop the area in a sustainable way in order to generate space to support local growth, ultimately strengthening the Düsseldorf economic region."
Christoph Bem, Member of the Management Board of Vallourec Deutschland GmbH, comments, "This property provided Vallourec with a rich and productive industrial history spanning over 120 years. We are happy that Frasers Property Industrial will give a new lease of life into the site so that more companies can benefit from its location and excellent transport connections. Where one chapter ends, a new one begins. We wish Frasers Property Industrial every success for its commercial and logistics park development."
Frasers Property Industrial is developing the site to appeal to a broad sectoral mix and enable varied use. In the first phase of the project, large hall sections comprising approximately 44,750 square metres of production and logistics space will be developed. The second phase for the remaining 30,250 square metres will see the development of a state-of-the-art business park complemented with outdoor and green areas designed to reference and respect the historical use of the area.
The careful deconstruction of the existing plant facilities on the site utilises an elaborate demolition and disposal concept. To minimise construction waste destined for landfill, all reusable material onsite will be sorted and recycled. Frasers Property Industrial is targeting the gold certification from the German Sustainable Building Council (DGNB) for the new development.
Frasers Property Industrial was supported in the transaction by the Düsseldorf office of BNP Paribas Real Estate.