Invesco Real Estate and Trammell Crow Company to Develop 41,400 Sq M Class-A Logistics Warehouse in Greater Berlin Area

Invesco Real Estate, the USD 90bn global real estate investment business of Invesco Ltd. (NYSE: IVZ), and Trammell Crow Company (TCC), a leading global developer and investor in commercial real estate, have successfully formed a partnership to develop a Class-A logistics facility at CORE Temnitzpark in Neuruppin.

Located at Temnitzpark Chaussee in Neuruppin in Greater Berlin, the BF33 site spans c. 80,100 sq m with planning already secured for a logistics asset with c. 41,400 sq m lettable area. This includes warehouse space covering c. 36,400 sq m, along with c. 1,800 sq m for office usage and an additional c. 3,200 sq m in mezzanine space. The property will accommodate 132 car parking spaces, eight truck parking spaces, and 40 cycle parking spaces, offering a clear height of 12.2 meters, 60 kN/m² floor load capacity, and 24/7 operational capability.

The new building will target the highest sustainability standards and minimum a DGNB ‘Gold’ certification. Features include sustainable heat-pumps, water protection foil covering the floor, photovoltaic panels, smart metering and energy-efficient LED lightning.

The logistics park offers convenient access to the A24/B167 junction, directly connected to the motorway linking Berlin to Hamburg. Its proximity to the port of Hamburg, Germany's largest seaport by volume and the third-largest container port in Europe, will further enhance the park's appeal to tenants, with prospective occupiers forecast to come from e-commerce, retail, FMCG, technology and 3PL sectors.

Richard Fell, head of European Commercial Capital Markets at Trammell Crow Company, said: “With the successful formation of this partnership we look forward to the forthcoming development of this best-in-class, highly sustainable and modern logistics facility. Germany remains one of TCC’s preferred markets for logistics assets in Europe, as a result of its supply-demand imbalances and continued short-fall of speculative development coupled with its position as Europe’s industrial engine, we are actively seeking further opportunities that provide the chance to develop best-in-class properties.”

Felix Richter, Co-Head of Transactions DACH, Invesco Real Estate, said: “We are delighted to have secured this high-quality development for one of our long-standing clients. Partnering with best-in class developer Trammell Crow Company will help ensure we deliver a Class-A, sustainability led logistics warehouse. We believe the flexible layout will attract tenant demand from various industries and meet the demand for high-quality units in this area. The completion of the development is targeted for Q2 2025.”