Patron Capital JV buys site for €180m investment in Ludwigsburg, Germany
Patron Capital has acquired parts of the production area of the filtration specialist MANN + HUMMEL in Ludwigsburg, Germany, together with the real estate company Inbright.
The joint venture plans to invest a total of €180 million ($206 million) in the construction of a modern campus for research and development and light industrial.
The property has an area of 51,000 square meters (548,960 square feet) and is located in Ludwigsburg Weststadt between Schlieffenstrasse, Grönerstrasse and Wilhelm-Fein-Strasse. The areas sold by MANN + HUMMEL will be modernized and partially replaced by new buildings. Around 75,000 square meters (807,293 square feet) of total rental space will be created on the three sub-plots, 32,000 square meters (34,445 square feet) of which will be new buildings.
“We are planning a commercial campus that will respond to the demand for space in the region. We pay special attention to sustainability. That means maximum energy efficiency, fle