Baytree secures new logistics development site in Barleben, Germany
Baytree Logistics Properties ("Baytree"), the logistics and industrial development platform, has secured a second strategic development site in the state of Saxony-Anhalt, Germany, on behalf of clients of AXA Investment Managers - Real Assets ("AXA IM - Real Assets"), the leading(1) real estate portfolio and asset manager in Europe. The site, which is located in the town of Barleben, is the latest addition to Baytree’s German development portfolio and follows secured sites in Hannover, Leipzig and Magdeburg, as favourable supply/demand dynamics continue to support investment in the German logistics sector(2).
Located in Barleben’s Ostfalen Technology Park, bordering the A2 motorway and in close proximity to the A14, the site has a total area of 152,000 sqm and can accommodate up to 75,000 sqm of logistics and manufacturing space across multiple buildings. The buildings will be available on either a leasehold or owner-occupation basis, depending on the end user’s requirements and preferences. The site benefits from existing offsite infrastructure and is zoned for industrial use.
In the past year, Baytree has commenced four build-to-suit developments, totalling c. 150,000 sqm in France and Germany, while numerous sites have been secured in locations which are strategically important for logistics operations in France, Germany and the UK, where clear occupier demand has been identified. Baytree remains one of a number of important providers of development opportunities for AXA IM - Real Assets’ pan-European logistics strategy, which focuses on the strongest logistics markets in Western Europe.
Sascha Petersmann, Baytree’s Head of Germany, commented: "Following the recently initiated project in Magdeburg, this second addition to our Saxony-Anhalt development pipeline demonstrates our conviction in the region as a strategic location for logistics and light industrial activities, which is further enhanced by the state’s business-friendly approach and availability of labour. We are very keen to promote this development opportunity and provide end-users with flexible buildings both in terms of technical specifications and leasehold/ownership options. We are grateful for the ongoing support of the Barleben local authority which will be key in expediting development.”
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(1) Source: INREV/ANREV Fund Manager Survey – May 2019 – in terms of assets under management
(2) Source:JLL, Logistics and Industrial Market Overview, August 2019
AXA Investment Managers - Real Assets
Jocelyne Tamssom, Head of Communications
Tel: +33 1 44 45 97 95
FTI Consulting Inc.
Richard Sunderland, Richard Gotla, Ellie Sweeney, Methuselah Tanyanyiwa, Talia Jessener
Tél: +44 20 3727 1000
Note to editors
Baytree Logistics Properties is a pan-European logistics and industrial development company focusing on the UK, German and French markets. Baytree was launched in 2015 by AXA Investment Managers - Real Assets, one of Europe’s largest real estate portfolio and asset managers. Baytree provides development management services to the institutional investor clients of AXA IM - Real Assets. This service includes site identification, master planning, design, project management, procurement, delivery and aftercare. Baytree is focused on delivering high quality logistics, commercial and industrial buildings that meet the changing property needs of our customers. The Baytree team is highly experienced, previously having delivered over 5m sq m of logistics space for customers across Europe, China and the Middle East.
More information: www.baytree.com
About AXA Investment Managers
AXA Investment Managers (AXA IM) is an active, long-term, global, multi-asset investor. We work with clients today to provide the solutions they need to help build a better tomorrow for their investments, while creating a positive change for the world in which we all live. With approximately €757 billion in assets under management as at end of June 2019(1), AXA IM employs over 2,350 employees around the world and operates out of 30 offices across 21 countries. AXA IM is part of the AXA Group, a world leader in financial protection and wealth management.
About AXA Investment Managers - Real Assets
AXA Investment Managers - Real Assets has €85 billion in assets under management, including €64.3 billion in direct property & infrastructure and €16.9 billion in real asset finance as of end of June 2019(2). We offer a 360° approach to investing in real assets, which comprises opportunities in equity or debt, across different geographies and sectors, as well as via private or listed instruments. We are a global leader in real assets investment, the number one property portfolio and asset manager in Europe(3), and one of the largest worldwide. Our teams have been managing funds and mandates for over 30 years and comprise over 600 people in 13 offices that operate in over 20 countries around the world, which provide us with in-depth knowledge of countries, cities and sectors.
AXA Investment Managers is part of the AXA Group, a world leader in financial protection and wealth management.
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1 Source: AXA IM unaudited data
2 Source: AXA IM - Real Assets’ unaudited data
3 Source: INREV/ANREV Fund Manager Survey – May 2019 – in terms of assets under management