Urban Partners and HIH Invest acquire logistics development near Hanover in joint venture

• 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
• Approximately 15,000 square meters of rental space, fully pre-let
• Third transaction by the joint venture focusing on German logistics real estate

Urban Partners 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.

Wolfgang Ködel, Managing Director at Urban Partners, says: “With this transaction, Urban Partners and HIH Invest are strengthening their successful partnership in a strategically important market with high demand for high-quality and sustainable logistics properties. The development in Garbsen is already our third joint project and will generate stable cash flow thanks to a high pre-letting rate from resilient key industries. By prioritizing flexibility and high ESG standards, we are creating future-proof logistics solutions with this project that offer long-term value for investors and users alike.”

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 Garbsen 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.

Lars Bothe, Head of Value Add at HIH Invest, says: “With this purchase within a few months, the joint venture’s investment volume has increased to a three-digit million range. We continue to look for attractive deals and already have several projects in the pipeline. HIH Invest scores highly with its experience from logistics transactions worth over €1.5 billion. This makes us one of the leading investment managers for logistics in Germany.”

Maximilian Tappert, Head of Transaction Logistics at HIH Invest, explains: “With the project development in Garbsen, we have found an excellent addition to our portfolio. The logistics hall offers a space layout that can be used for third-party purposes and can be divided into two rental units. The completed property meets current sustainability requirements and is being built in accordance with taxonomy standards. A DGNB Gold certificate is being sought. The property will be heated by a heat pump and a photovoltaic system will be installed on the roof.”

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.