More development near Duisburg
Garbe Industrial Real Estate has acquired a 56,000 sqm of land in the Meiderich district of Duisburg (North Rhine-Westphalia, Germany). The plot will be used for a new multi-user park covering a floor space of 29,000 sqm. Construction is scheduled to begin in the middle of this year. EUR 40 million are to be invested in the property, which is located on the so-called "Zeus site".
The total area will be divided into three bays, two of which will measure 6,000 sqm and one 12,000 sqm. The park will also include 3,800 sqm for offices and social areas and 1,000 sqm for warehouse mezzanines. Garbe Industrial Real Estate is developing the entire property without fixed rental commitments. (sh)