GreenPlaces to invest €100 million in German light industrial estates

GreenPlaces Deutschland Asset Management GmbH has announced plans to invest €100 million over the next three years in multi-let light industrial estates across Germany. The Switzerland-based developer aims to accelerate its growth in Germany, targeting new properties primarily in Baden-Württemberg, southern Hesse, and Rhineland-Palatinate.

The company specializes in sustainable, affordable industrial spaces tailored for small and medium-sized enterprises (SMEs). GreenPlaces uses timber construction for modular units averaging 170 square meters, which can be leased as individual spaces or combined into larger units. Already established in Switzerland, GreenPlaces operates ten sites and has added five locations in Germany. Its goal is to expand to 50 sites by 2030, with the majority in Germany.

Fabrice Bezençon, CEO of GreenPlaces Group, highlighted the unique appeal of GreenPlaces’ flexible and eco-friendly modules: “Our high-quality, affordable units suit various uses, from small production plants and wellness studios to gyms and architectural offices. Timber construction stores CO2, and our rooftops provide sustainable power through solar panels.”

In charge of the German expansion, Sven Koch, head of business development since December 2022, emphasized the strategic focus on accessible locations near major cities. “Our goal is to place tenants within a 20-minute drive of customers, prioritizing sites with motorway or federal route access. Each project follows a rapid timeline, with construction to completion typically within eight to twelve months,” Koch noted.

With its modular, sustainable approach, GreenPlaces seeks to become a reliable partner for local municipalities while growing its portfolio of tenant-focused industrial estates in Germany.