Garbe develops its first logistics facitlity in Austria
On 11 December 2018 the ground-breaking ceremony officially initiated construction work on a 20,500 m² logistics facility developed by Garbe Industrial Real Estate GmbH in Steyr, Austria. The property should be completed in August next year. Industrie-Logistik-Linz GmbH will then provide contract logistics services for the BMW Group plant in Steyr.
Garbe Industrial Real Estate is investing around EUR 18 million in the project. In spring, the Hamburg-based company acquired the 42,000 m² property that was ready for development. It is located in the immediate vicinity of the BMW Group’s engine plant in Steyr. The commercial vehicle manufacturer MAN Truck & Bus’s production site is also not far away.
“We are planning the entire property in such a way that it can be subdivided into units of 5,000 m² ,” explains Jan Dietrich Hempel, managing director of Garbe Industrial Real Estate GmbH. The building is equipped with ten rear unloading bays and six sectional doors for side unloading. In addition, there are about 550 m² for offices and social rooms.
The construction of the logistics centre in Steyr is a first for Garbe Industrial Real Estate: “The Austrian market for logistics real estate is of such a size that companies are increasingly discovering that renting can be more attractive than own investment. After portfolio acquistions, we now want to have a stronger presence with developments in this market,” says Jan Dietrich Hempel.
Gerald Hackl Mayor of the city of Steyr, Upper Austria, emphasises not only the industrial area’s attractiveness, but above all the location’s economic importance: “The logistics centre will further strengthen Steyr as a business location. The labour market will benefit too,” he said at the groundbreaking ceremony.