FOUR PARX develops trimodal port location in Hamburg-Harburg – HIH Invest and Urban Partners take over as investors

• Property in the Port of Hamburg with trimodal connections by water, rail and road
• More than 50% of the approximately 64,000 m² of warehouse space already leased on a long-term basis
• Available areas from approx. 6,500 m²

Caption: In Hamburg-Harburg, FOUR PARX is developing a modern logistics, industrial and commercial location with trimodal connections. Copyright notice: FOUR PARX GmbH.

The project developer FOUR PARX, which specialises in commercial and logistics space, is developing a modern logistics, industrial and commercial location with direct port connections in Hamburg-Harburg. The investor in the project is a joint venture of HIH Invest Real Estate and Urban Partners. The project development includes the revitalization of a brownfield site of around 117,000 m² in the southern Hamburg port area.

The project comprises a total of around 77,000 m² of rental space. Of the approximately 64,000 m² of warehouse space, more than 50% has already been leased on a long-term basis.

Currently, around 31,400 m² of hall space is still available. The areas can be flexibly divided from around 6,500 m² and are particularly suitable for logistics, handling, production and other port-related uses.

The site offers trimodal connections by road, rail and water. In addition to its own rail connection, the area has direct access to water and a transhipment platform for seagoing and inland vessels. The A7 motorway can be reached within about eleven minutes and ensures a fast connection to the supra-regional economic centres of Germany and Europe. FOUR PARX GmbH is one of the most attractive development locations for modern port, industrial and logistics uses.

The development follows a consistently sustainable approach. Among other things, fossil-free technical systems, heat pumps, energy-efficient LED lighting, smart metering systems and photovoltaic systems for generating renewable energy directly at the site are planned. In addition, a modern charging and mobility infrastructure for users and employees is being created. In addition, the project is being developed according to the criteria of the DGNB (German Sustainable Building Council). The aim is certification according to the Gold Standard.

The development is taking place on a former factory site of Olenex Edible Oils GmbH. With the revitalization of the brownfield area, FOUR PARX is creating urgently needed modern logistics, industrial and commercial space in one of the most demanded port regions in Europe.

"With the project in Hamburg-Harburg, we are developing a sustainable location for modern port, industrial and logistics uses. The combination of trimodal connections, direct water access and our own track infrastructure creates an exceptional offer in the Hamburg market," explains Marcus Jungheim, Managing Partner of the FOUR PARX Group.

"We are very pleased to launch this project together with FOUR PARX as part of our joint venture with HIH Invest and thus to realize the second joint investment in Hamburg. Especially in the current market phase, the project sends an important signal of our long-term commitment to the development of logistics locations, especially in view of the growing need for secure supply chains and robust infrastructure," says Wolfgang Ködel, Managing Director and Head of Real Estate Germany at Urban Partners.

The sale of the former Olenex site was accompanied by Cushman & Wakefield. More than 50% of the hall space was leased by Realogis. The transaction was legally advised by press release FOUR PARX GmbH Ashurst and Heuking Frankfurt.

About FOUR PARX:

FOUR PARX, based in Dreieich, specialises in the project development of commercial and logistics space. FOUR PARX designs and develops innovative and sustainable building and space concepts with a visionary focus on sustainability, new mobility solutions, alternative energy supply, digitalization, compact space planning and high flexibility.

Four experienced real estate professionals have joined forces in the FOUR PARX Group: Oliver Schmitt, Jochen Gerber, Francisco J. Bähr and Marcus Jungheim, who specialise in commercial and logistics real estate.

FOUR PARX can look back on over 30 years of experience in project development. With a team of around 28 employees, FOUR PARX is currently developing over one million m² of land space for commercial and logistics properties in Germany.

Press contact:

FOUR PARX GmbH | www.four-parx.com

Sönke Ingwersen | +49 6103 800 06-47 | ingwersen@four-parx.com

Philipp-Reis-Straße 14 | 63303 Dreieich/Frankfurt

teamtosse Agency for Communication | www.teamtosse.de

Nicole Weikmann | +49 151 221 245 75 | nicole.weikmann@teamtosse.de

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