Swiss Life Asset Managers is broadening its development portfolio with the acquisition of a 77,000-square-metre site near Hanover, the capital of Lower Saxony. The company plans to develop a cutting-edge logistics property on the site, offering over 44,000 square metres of rental space. The newly acquired site is located in Wietze, northwest of Hanover, at Steinacher Strasse. The project, named Hanover North I, will be built on 77,500 square metres and is set to begin development in 2025. The property will feature a state-of-the-art logistics facility designed to meet modern industry standards. “The Hanover region is a vital logistics hub for Germany and Europe, making it an ideal location for this project,” said Ingo Steves, Managing Partner Logistics at Swiss Life Asset Managers. “With Hanover North I, we strengthen our Europe-wide logistics pipeline, ‘Roots,’ by adding a high-quality and sustainable property. This aligns with our strategy of delivering long-term value in central European regions.” Situated in Celle district, the site benefits from its strategic location within the northern German logistics triangle formed by Hanover, Bremen, and Hamburg. The area offers excellent connectivity to the A7 motorway and access to key multimodal infrastructure, including the Hanover-Lehrte freight transport centre, Hanover-Langenhagen cargo airport, and the Hanover container terminal. The development will offer a total rental area of 44,182 square metres, divided into four units that can accommodate single or multiple tenants. This includes 37,882 square metres of warehouse space, 1,800 square metres of office and social facilities, and 4,500 square metres of mezzanine space. The site will feature four ground-level driveways for easy access. Alexander Schmid, Head of Development Logistics at Swiss Life Asset Managers, highlighted the project’s adaptability: “With its high sustainability standards and flexible usability, this property is designed to cater to a variety of customer needs, reflecting our customer-centric approach.” Sustainability is a key focus of the project, with plans to install heat pumps and a photovoltaic roof system for renewable energy generation. The property will aim for a BREEAM “Very Good” certification, further underscoring its commitment to environmental standards. By integrating modern logistics solutions with sustainable design, Swiss Life Asset Managers continues to strengthen its footprint in Europe’s logistics sector while meeting evolving market demands. Development of Hanover North I is expected to play a pivotal role in advancing the company’s long-term growth strategy. Photo: ”Hanover North I” – © Swiss Life Asset Managers