Logicor Expands European Logistics Real Estate Presence in Rheine with Sustainable Development

Logicor Expands European Logistics Real Estate Presence in Rheine with Sustainable Development

(IN BRIEF) Logicor, a prominent player in European logistics real estate, is increasing its footprint in Rheine, a strategic business location. Currently, a logistics property with two units covering approximately 20,000 square meters (Rheine II) is under construction on Sandkampstrasse / Lingener Damm. Additionally, a business park comprising four units spanning approximately 24,200 square meters (Rheine III) will be developed at the site. These projects will complement Logicor’s existing site in Rheine, where Rheine 1, a logistics property for the DACHSER Group, was built in 2016. Upon completion, the site will offer a total rental area exceeding 66,500 square meters. Positioned near major logistics hubs with connections to the Netherlands and Osnabrück, the site plays a crucial role in European transport. Sustainability is a priority in this development, with a focus on recycling demolition waste, utilizing renewable energy sources, and achieving high environmental standards such as BREEAM “Very good” certification. Logicor’s collaboration with the city of Rheine and the Development and Economic Promotion Agency (EWG) aims to transform existing commercial space into modern, sustainable real estate, contributing to economic success and regional growth in North Rhine-Westphalia.

(PRESS RELEASE) LONDON, 10-Nov-2023 — /EuropaWire/ — Logicor, a leading owner, manager and develop of European logistics real estate, is expanding its presence in Rheine, a key business location.

A logistics property with two units totalling c.20,000 square meters (Rheine II) is currently under construction on Sandkampstrasse / Lingener Damm. The site will be complemented by the construction of a business park with four units spanning a total area of c.24,200 square meters (Rheine III).

The two new projects will complete the Logicor site in Rheine, on which Rheine 1, a logistics property for the DACHSER Group, was built in 2016. After finalising both projects, the site will have a total rental area of over 66,500 square meters. The site is strategically located close to major logistics hubs with connections to the Netherlands and Osnabrück, two of the most important transport links in Europe.

The site will be developed sustainably, with around 90% of the demolition waste resulting from the dismantling of the two existing buildings and floor structure being reused for the new building. Most of the remaining 10% will be thermally processed and used to generate heat and electricity.

The building will have PV systems, green roofs, air heat pumps and will target BREEAM at least “Very good”. The new building façades have been designed to integrate into the surrounding area.

“We are delighted to be working closely with the city of Rheine and the Development and Economic Promotion Agency (EWG) to convert our existing commercial space in Rheine into state-of-the-art, sustainable real estate”.

“Our aim is to create the best possible conditions for economic success for companies in the region. In doing so, we are expanding our presence in North Rhine-Westphalia, strengthening the economic power of the region and bringing benefits to the city, the economy and the people of Rheine”. Moritz Heißenberg, Country Manager Germany

About Logicor
Logicor is one of the largest owners and operators of modern logistics and distribution properties in Europe. As at 30 June 2023, we own and manage a portfolio of 591 high-quality properties with a lettable area of over 20million square metres located in key European logistics markets. Logicor is headquartered in London and Luxembourg.

Media Contact:

Logicor Germany
Nele Machleid
Communications & Marketing Associate
machleid@logicor.eu
+49 (0) 175 457 9644
www.logicor.eu

SOURCE: Logicor