TCC Secures Building Permit on First German Site & Completes Acquisition of Second
October 6, 2022
Having entered an exclusive agreement with Entwicklungsgesellschaft Temnitz (EGT Temnitzpark) earlier this year to acquire Neuruppin BF36, a greenfield site of 132,185 sq m, TCC has now completed the transaction. It plans to develop a 51,624 sq m GLA facility with the ability to accommodate multiple occupiers, with construction commencing in Q1 2023.
Completion of the deal coincides with TCC securing the building permit on its first German site, the neighbouring Neuruppin BF33. This 80,159 sq m site will be transformed into a 41,173 sq m GLA logistics warehouse to accommodate multiple occupiers, with construction scheduled to begin this month and complete in Q3 2023.
Located in proximity to the A24 motorway junction, which connects Berlin to Hamburg, the third largest container port in Europe, the sites are well situated in the centre of Europe.
TCC’s prime logistics developments across Europe are designed and constructed to the same standard. This includes a BREEAM Very Good or Excellent rating, an EPC A certification, and construction that enables full photovoltaic rooftop installations. TCC also designs its assets to reduce the embodied carbon footprint of its warehouses per sq m year-on-year, and provides multi-modal electric vehicle charging facilities for cars, motorbikes, cycles, scooters and HGVs.
Having launched in Europe in 2021, the US-based global developer now has teams operating out of Hamburg, Frankfurt, Vienna, London, Paris, Barcelona and Prague, and in addition to its German developments has acquired sites in the UK, Spain and the Czech Republic.
Mario Sander, Head of Germany and Austria Logistics at Trammell Crow Company, said: “With the building permit secured on our first site and completion on the acquisition of our second, Trammell Crow Company’s rapid growth in Germany continues at pace. With an excellent location near Berlin at the heart of Europe, these Grade A logistics assets will be appealing to a range of occupiers. Developed to the same high standards as our assets across Europe, occupiers will take space knowing the premium quality to which we develop our warehouses and in full understanding that not only do they feature excellent environmental credentials for today, but that they are built in anticipation of future regulatory requirements that will ensure they remain attractive for years to come.”
RE develop GmbH advised on the transaction on behalf of Trammell Crow Company.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.