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Sign in Sign up for a FREE subscriptionAEW acquires last-mile logistics development in the Rhine-Ruhr Valley from ecoPARKS for ULLIS
AEW announced that it has agreed to the off-market acquisition of an approximately 27,000-square-meter (290,626 square-foot) land plot to develop an approximately 16,200-square-meter (174,375-square-foot), grade A, last-mile logistics facility, located close to Gelsenkirchen city center in the Rhine-Ruhr region of Germany. The acquisition was made on behalf of AEW’s urban light industrial platform, ULLIS (The Fund).
AEW will partner with developer ecoPARKS to deliver the facility on a speculative basis, targeting high-energy-efficiency standards and a DGNB Platinum certification, Germany’s market-leading building certification system. The asset offers the potential for two to four units and will feature a total of 14 loading docks, an LED lighting system, PV solar panels, EV charging for cars and bicycles and heat pumps with cooling capabilities. The building will be delivered by third quarter 2025 and is now available for letting.
Gelsenkirchen is in a central loc
