Frasers Property Industrial announces start of construction for the flagship project "the tube" in Düsseldorf

• New development meets the highest sustainability standards - DGNB Platinum certification is being sought
• First DGNB Gold certification targeted for the demolition of industrial space
• Frasers Property, project development, warehouse construction, logistics property, hall

Picture caption: Frasers Property Industrial begins construction work on the flagship project "the tube" in Düsseldorf. Copyright: Frasers Property Industrial.

Frasers Property Industrial has started construction work on its flagship project "the tube" and appointed Goldbeck International as general contractor. The modern industrial and commercial park is being built in Düsseldorf-Reisholz, North Rhine-Westphalia, based on the highest sustainability standards.

Frasers Property Industrial already took the principles of the circular economy into account during the extensive demolition work and, among other things, recycled 70,000 tonnes of demolition material on site and 12,500 tonnes of raw material, mainly steel. This led to a reduction in waste and the saving of around 6,000 lorry movements, reducing CO2 emissions and the environmental impact caused by noise, dust and vehicle movements. The company is aiming for the first ever gold certification from the German Sustainable Building Council (DGNB) for a CO2-reduced and transparent demolition of an industrial site.

The industrial and commercial park is being built on the former site of the steel tube manufacturer Vallourec, which has an important industrial history. The project team from Frasers Property Industrial developed a concept in which selected existing properties and machine parts were retained. The project name "the tube" is also a reminder of the site's long history of use for tube production.

On a 14-hectare site, Frasers Property Industrial is providing a total usable area of around 74,000 m², which is suitable for companies of all sizes, from global players to local SMEs. Around 41,200 m² is aimed at users from industry, production and logistics, while 32,000 m² is available as a business and industrial park.

"the tube" has a central location and is just 10 kilometres from Düsseldorf city centre. Germany's largest economic area with around 11.4 million inhabitants can be reached within an hour. The A1, A3, A44, A46, A52, A57 and A59 motorways can be reached in a quarter of an hour, and the ports of Reisholz, Düsseldorf and Duisburg as well as Düsseldorf and Cologne airports are also nearby. Added to this is the proximity to the Netherlands and Belgium as well as the connection to Antwerp, Europe's second largest port and an important logistics hub.

In order to support CO2-neutral operations, Frasers Property Industrial is implementing extensive sustainability measures, including the installation of a large-scale photovoltaic system, an intelligent heating system based on state-of-the-art heat pump technology and a smart metering system to optimise the energy consumption of the eight rentable hall sections. Last but not least, outdoor areas with fitness and recreation areas ensure the well-being of employees and visitors. Frasers Property Industrial is aiming for DGNB Platinum, the highest certification level for sustainable construction.

Alexander Heubes, Managing Director Europe of Frasers Property Industrial, comments: "We are delighted that construction work has started on "the tube". This is an important milestone for our German portfolio and the first project to be developed based on our revised ESG requirements. With the targeted DGNB Platinum certification for the new development, we want to set standards in the industrial and logistics property sector. Taking into account the history of the former Vallourec site, we are creating a modern and resource-efficient industrial and commercial park in the centre of Düsseldorf and meeting the demand for space in this dynamic economic region."

Joachim Schuster, Managing Director of Goldbeck International GmbH, says: "After intensive preparations, we are delighted to be realising this very special construction project with Frasers Property Industrial and to be working on a project that sets standards in terms of sustainability with comprehensive measures."
Completion is planned for Q1/2025. BNP Paribas Real Estate GmbH, Düsseldorf, will be happy to receive enquiries.

About Frasers Property Industrial

Frasers Property Industrial is a strategic business unit of Singapore SGX-listed Frasers Property Limited (together with its subsidiaries, the "Group"), a multinational company that owns, develops and manages a diverse and integrated property portfolio with total assets of approximately €27.6 billion (S$39.8 billion) as at 30 September 2023.

Frasers Property Industrial owns and manages industrial and logistics properties in Australia and Europe, and its portfolio includes logistics centres, warehouses and manufacturing facilities in strategic locations. Frasers Property Industrial has approximately €7.6 billion (S$11.0 billion) of assets under management as at 30 September 2023 and has integrated development, asset management and third-party capital management capabilities in the Group's industrial and logistics markets in Australia, Germany and the Netherlands.

In addition, Frasers Property Industrial provides property management services for the logistics and industrial properties of Frasers Logistics & Commercial Trust ("FLCT") in the largest logistics and industrial markets of Australia, Germany and the Netherlands. FLCT is a REIT (Real Estate Investment Trust) listed on the Singapore Exchange, SGX, with a portfolio valued at approximately €4.4 billion (S$6.4 billion) comprising 107 logistics, industrial and commercial properties in five developed markets - Australia, Germany, Singapore, the United Kingdom and the Netherlands. FLCT is funded by the Group and operated by Frasers Logistics & Commercial Asset Management Pte. Ltd.

About Frasers Property Limited

Frasers Property Limited ("Frasers Property" and together with its subsidiaries, the "Frasers Property Group" or the "Group") is a multinational developer, owner and operator of property products and services across the property value chain. Listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") and headquartered in Singapore, the Group has total assets of approximately €27.6 billion (S$39.8 billion) as at 30 September 2023.

Frasers Property's multinational businesses span across five asset classes, namely residential, retail, industrial and business parks, industrial and logistics, and hospitality. The Group operates in Southeast Asia, Australia, Europe and China, and its well-established hospitality business owns and/or operates serviced flats and hotels in over 70 cities and 20 countries in Asia, Australia, Europe, the Middle East and Africa.

Frasers Property is also the sponsor of two Real Estate Investment Trusts ("REITs") and one Stapled Trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust specialise in retail and industrial and commercial properties respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust specialising in hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which focuses on industrial and logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which focuses on commercial properties.

The Group is committed to creating inspiring environments and places for the well-being of its customers and partners. By acting progressively, producing and consuming responsibly and focussing on people, Frasers Property strives to strengthen sustainability thinking throughout its value chain and build a more resilient business. Frasers Property is committed to being a carbon-free company by 2050. Building on its heritage and utilising its knowledge and skills, the Group strives to create lasting shared value for its employees, the businesses and communities it serves. Frasers Property believes in the diversity of its people and is committed to fostering a progressive, collaborative and respectful culture.

For more information about Frasers Property, please visit frasersproperty.com or follow us on LinkedIn.
 
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