New developments for the industrial site at Henschelplatz: Aroundtown receives building permit for new hall with 100% pre-letting in the Kassel Mittelfeld Industrial Park

The building permit for the new hall construction has been issued and marks the starting signal for the further development of the Kassel Mittelfeld Industrial Park. Now that the building permit has been issued and two long-term leases for a total of 11,330 m² have been signed, the new building is already 100% pre-let.

On a previously unused part of the industrial site at Henschelplatz, densification and targeted further development are progressing quickly. The plans include the construction of the new hall, including office space, as well as the construction of courtyard and circulation areas, canopy areas, open spaces and a parking area.

As a twofold success, Aroundtown's commercial asset management experts designed the new hall in close coordination with the new tenants and achieved full pre-leasing of the new hall. The future tenants’ requirements are optimally implemented. With two new tenants, the new building in the industrial park is set up for the long term and on a sustainable basis. After completion, the aim is to obtain DGNB gold certification for the new hall building in conjunction with the installation of a photovoltaic system.

Further logistics and production halls as well as a new office building with gastronomy are possible on the site.

Long-term use for warehousing, logistics and distribution

A total of approx. 10,620 m² of new warehouse space and around 710 m² of office space will be created on the site and leased on a long-term basis. In future, the new hall building will be shared by the company GL Spezialverglasung with approx. 5,050 m² and the beverage and food supplier flaschenpost SE with approx. 6,280 m² of hall and office space. flaschenpost SE will deliver beverages and food to the Kassel urban area from here. GL Spezialverglasung, market leader for special glazing for rail vehicles, will use the space as a warehouse and logistics hall. The groundwork will be prepared in the near future. A general contractor has already been commissioned to build the new hall.

Industrial park as attractive location for international companies

The Kassel Mittelfeld Industrial Park at Henschelplatz 1, in 34127 Kassel, is located in the north of Kassel. More than 30 well-known German and international industrial companies from the automotive, mechanical engineering and plant construction sectors with around 2,500 employees have already settled on the fully developed industrial park with a total area of over 600,000 m². The site is developing steadily and offers development space as well as office, production, logistics and warehouse space in various sizes for immediate rental.

www.industriepark-kassel-mittelfeld.de

About Aroundtown

Aroundtown is Europe's third-largest real estate company, committed to sustainable investment and focused on income generating quality properties that have potential for value-add in central locations mainly in Germany and the Netherlands. The portfolio comprises mainly office, residential and hotel properties. Hundreds of experienced employees from all areas of the value chain ensure that Aroundtown effectively realizes long-term potential. Professional organization, flexibility and innovation make Aroundtown a reliable partner for growth and success. Aroundtown is a member of the European Public Real Estate Association (EPRA), the German Property Federation (ZIA) and the German Sustainable Building Council (DGNB). (DGNB) as well as a signatory of the United Nations Charter of Diversity. Aroundtown has received multiple EPRA BPR Gold Awards and EPRA sBPR Gold Awards for its transparent financial and sustainability reporting.

Avisco (controlled by Yakir Gabay) holds 15% in Aroundtown followed by Blackrock at 6%. Other shareholders include Norges, Vanguard, Allianz, BNP Paribas, Japan’s Government investment fund, Aliance-Bernstein, Dekabank, State-Street, Bank of Montreal and many other leading international investors. The main bond investors include ECB, GIC, Union Investment, DB, UBS, CS, M&G, Pictet, Credit Agricole and many other major institutional investors.

www.aroundtown.de