06 Sep 2021
COLOGNE, 6 SEPTEMBER 2021
Frasers Property Industrial has announced the acquisition of a light industrial property in Gaggenau, in the northern part of the Upper Rhine Area Baden-Wuerttemberg, as part of a sale-and-leaseback transaction. The seller and main tenant is SWARCO Dambach GmbH. The property is located in Gaggenau's industrial park on Adolf-Dambach-Strasse and has a total area of approximately 80,000 square metres. The property includes several production, logistics and office buildings, with a total leasable area of approximately 36,698 square metres.
The facility has convenient access for both transportation and public transport. There is a streetcar station right next to the building, for a 20-minute ride to Rastatt and Karlsruhe main station with a 35-minute ride. In addition, the B462 trunk road is within easy sight of the light industrial property and provides access to the A5 federal freeway near Karlsruhe. Due to this, the site is well connected to France and directly links to Basel on the French-Swiss border.
Alexander Heubes, Managing Director Europe at Frasers Property Industrial, says, "We are pleased to be able to expand our portfolio in the economically strong region of the central Upper Rhine. This is another milestone for our expansion strategy in the European market”. SWARCO Dambach, a specialist in individual solutions for systems to secure, steer and regulate road traffic, is one of the most significant companies in Gaggenau's industrial history.
Thorsten Kern, General Manager of SWARCO DAMBACH comments, "For us, the long-term perspective and the strategic sale-and-leaseback of our property were crucial. With Frasers Property Industrial, we have found the perfect partner to lead the site into the next decades successfully."
Colliers International Germany brokered the deal.