Nextpark

Gross-Gerau, Germany
Industrial

Club Deal 145 — The logistics park in Gross-Gerau, Germany, was developed in a joint venture with a local logistics developer. It is located only 15 kilometers (9 miles) from the Frankfurt International Airport. The 31,000 sqm (330,000 sqft) facility is 100% leased to some of Germany’s largest and most renowned companies. The major tenants are Metro AG and SKE Kuehne & Nagel (one of Europe’s largest logistic firms) in a joint venture with Lufthansa Service Holdings. Both tenants use the facility as food distribution centers to and from the Airport. Their leases for this mission-critical business operation have a term of 15 years and 10 years, respectively. The property utilizes a state of the art rooftop solar energy system producing 920,000 KWH p.a. and is Silver LEED certified by the German Sustainable Building Council or “Deutsche Gesellschaft fur Nachhaltiges Bauen” (DGNB). The project is the first refrigerated warehousing facility in Germany with DGNB certification.