CONVALOR has teamed up with the spin-off developer BRIGHT Industrial from Berlin and has acquired a former warehouse and production area in Hanau to develop a logistics park with additional approx. 21,400 sqm of rental space. The new construction exhibits upside potential and includes flexible storage and logistics areas as well as a small proportion of office space in different sizes from 400 to 600 sqm. It is expected to carry out the project in multistage construction phases until 2023, after extensive demolition of the existing buildings.
The property is located within walking distance of the main train station and in a strategically profitable commercial area with a continuously sustained high demand for modern storage and production areas. The market analysis shows that the property potential in the large-volume rental segment in the logistics region Frankfurt is increasingly exhausted.