Swiss Life Asset Managers acquires additional land for Hanover North I logistics project

Swiss Life Asset Managers has acquired additional parcels of land for the planned Hanover North I logistics property in Wietze, near Hanover. As a result of the expansion, the development site will increase from approximately 77 000 square metres to a total of around 147 000 square metres. The planned rental space will consequently rise to approximately 79 000 square metres. The first construction phase, comprising around 38 000 square metres of warehouse space, will be carried out without the need for pre-letting. Construction is scheduled to begin at the end of 2026. Through this expansion, Swiss Life Asset Managers is taking a forward-looking approach to the continued development of the project and creating space that will be available to future occupiers at an early stage. GOLDBECK has been appointed as the general contractor for the first construction phase.

Through this expansion of the site, Swiss Life Asset Managers is continuing to grow its development activities in northern Germany’s established logistics region. The extended project provides scope for the flexible, demand-driven development of modern logistics facilities designed to meet a broad range of occupier requirements.

“The fact that we have been able to expand the project by acquiring additional land even before construction begins demonstrates the confidence placed in our development and delivery capabilities, and reinforces our position as a trusted partner in logistics real estate development,” says Ingo Steves, Managing Partner Logistics at Swiss Life Asset Managers. “This step highlights the ability of our pan-European logistics platform to deliver modern, future-ready logistics locations in strategic settings that create lasting value for occupiers, local communities and investors alike.”

The site is located in the district of Celle, within the triangle formed by the major cities of Hanover, Bremen and Hamburg. Thanks to its excellent access to the A7 and A2 motorways, as well as its proximity to key infrastructure hubs such as the Hanover-Lehrte freight village, Hanover-Langenhagen Airport and the Hanover Container Terminal, the region serves as a European gateway for the distribution of goods in Germany and therefore offers attractive conditions for logistics and distribution operations.

“We are confident of the location’s potential and are expanding our project accordingly,” explains Moritz Löbbert, Development Director Logistics at Swiss Life Asset Managers. “The additional land provides greater flexibility for our customers and enables us to respond even more precisely to their individual requirements. This expansion supports a customer-centric development approach and strengthens the long-term viability of the project as a whole.”

Following the expansion, the development will comprise approximately 79 000 square metres of rental space, including around 69 000 square metres of warehouse space, approximately 7100 square metres of mezzanine space and some 2900 square metres of office and social space. The first construction phase will deliver approximately 38 000 square metres of warehouse space, around 1900 square metres of office space and more than 4600 square metres of mezzanine space. The warehouse concept is designed to accommodate either a single large occupier or a flexible subdivision for multiple tenants.

As in the original project, Swiss Life Asset Managers is incorporating a sustainable energy concept into the expanded development. Planned measures include rooftop photovoltaic systems, heat pumps and charging infrastructure for electric vehicles. A BREEAM Very Good certification is being targeted for the building.

The expansion of Hanover North I forms part of Roots, Swiss Life Asset Managers’ pan-European development pipeline, through which the company is creating new development sites for modern, future-ready logistics space in key logistics regions across Europe. 

Swiss Life Asset Managers, Germany
media-de@swisslife-am.com