SEGRO expands SEGRO CityPark Frankfurt and leases 13,700 square meters to online grocers
SEGRO is expanding the SEGRO CityPark Frankfurt by three buildings with a total of 20,600 square meters of commercial space. An online grocer is renting 13,700 square meters of the newly created space.
After the gradual completion of this second construction phase, the entire area will have 35,000 square meters of rental space from the start.
"With these built-to-suit spaces, we can perfectly meet the requirements of our new tenant for logistics space for the last mile," says Janina Kaya, Senior Leasing Manager at SEGRO. "Since we were still able to respond individually to our customers during the planning phase, we were able to let more than 80 percent of the space before construction began."
SEGRO CityPark Frankfurt is being developed by SEGRO on a 14.5 hectare site used by the US military until 2008. Right next to the area is a 2.5-hectare meadow landscape, which SEGRO renatured in 2019 and handed over to the city of Frankfurt am Main. Bird nest boxes and insect hotels were also installed as a contribution to nature.
With its modern design and construction according to DGNB Gold certification, the business park is integrated into the inner-city area at Graugrafenstraße 24 in Frankfurt-Rödelheim. Several bus and S-Bahn lines also offer good connections. The A 5 and A 66 motorways can be reached in a short time via the A 648 via the Frankfurt-Rödelheim junction.
The areas of the SEGRO CityPark Frankfurt, which can be flexibly divided into different units, each consist of storage, service and office areas.
The brokerage company KnightFrank acted as an intermediary for the letting.
SEGRO is a British Real Estate Investment Trust (REIT) listed on the London Stock Exchange on the FTSE 100 Index. With a portfolio of 8.8 million square meters worth EUR 17.3 billion, SEGRO is a leading owner, manager and developer of modern logistics and commercial real estate. The properties owned and managed by SEGRO are strategically located in the UK (in London and the South East and Midlands regions) and in continental Europe in France, Germany, Italy, Poland, Spain, the Netherlands and the Czech Republic.
For 100 years, SEGRO has been creating areas that make extraordinary things possible. From modern logistics real estate, primarily used as regional, national and international distribution centers, to urban commercial real estate near major population and economic centers, the company offers high-quality properties that support the growth of SEGRO's clients.
Commitment to social and environmental commitment is an integral part of corporate strategy. SEGRO's Responsible Business Framework focuses on three long-term priorities where the company can have the greatest impact: driving low-carbon growth, investing in local communities and the environment, and nurturing talent.