Garbe builds and leases logistics center near Wolfsburg
Garbe Industrial Real Estate is developing an automotive logistics center in Lehre-Flechtorf near Wolfsburg. The center will be built on a roughly 68,000 sqm site which Garbe acquired late last year, and will contain about 32,000 sqm floor space. The property is already leased to engineering services provider Bertrandt AG, who will have the use of 14 dock levelers, 16 ground-level sectional gates, and parking spaces for 249 cars and six trucks. The project is divided into two halls with 13,800 and 17,900 sqm and about 3,100 sqm office space. Excavation work started in early July; completion is anticipated for the middle of next year. Garbe has quoted the total investment volume at around €35mn.
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