The majority of the project is being financed with funds from Urban Partners’ NSF V Fund, currently the largest value-add real estate fund in Europe. Spanning a total of approximately 15,000 square meters of rental space, and fully pre-let, this marks the third transaction by the joint venture focusing on German logistics real estate.
Urban Partners, through its Strategies Fund V, and HIH Invest Real Estate (HIH Invest) have acquired a logistics project in Garbsen, Lower Saxony, as part of an existing joint venture. The purchase in Garbsen is already the third joint project between the two companies. The joint venture focuses on acquiring capital for sustainable logistics properties in Germany that are ready for development.
Construction of the logistics hall on the approximately 25,000 square meter site in Garbsen will begin in the first quarter of 2026. The property is expected to be completed and ready for occupancy at the end of 2026. The entire property has already been leased on a long-term basis.
This transaction is Urban Partners’ tenth investment in the logistics sector in Germany. The company currently manages over 210,000 square meters of logistics projects in Germany. The purchase in Garb-sen follows the joint acquisition of a logistics project in Herten in the spring and one in Bensheim in southern Hesse in the summer of 2025.
The logistics project is located in an established commercial and industrial area in Garbsen. Direct access to the B6 federal highway provides quick connections to the A2 and A352 motorways, which link up with the A7. Hanover Airport can be reached in just under 20 minutes, and the Hanover-Lehrte freight transport center in around 30 minutes.
The legal due diligence was carried out by Ashurst. Drees & Sommer provided technical advice.