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The project developer FOUR PARX is planning the creation of a modern logistics, industrial, and commercial site in Hamburg-Harburg, which is directly connected to the port. The project is financed by a joint venture between HIH Invest Real Estate and Urban Partners. The development includes the revitalization of an approximately 117,000 m² large brownfield area in the southern Hamburg port area.
Scope and Usage Options
A total of around 77,000 m² of rental space is available, of which more than 50% of the approximately 64,000 m² of hall space has already been leased long-term. Currently, about 31,400 m² of hall space is still available, which can be flexibly divided starting from a size of approximately 6,500 m². These areas are particularly suitable for logistics, transshipment, and production uses, as well as other port-related applications.
The location is characterized by a trimodal connection via road, rail, and water. In addition to its own rail connection, the area offers direct access to water and a transshipment platform for sea and inland vessels. The A7 motorway can be reached in about eleven minutes, ensuring quick access to the regional economic centers in Germany and Europe. These features make the area an attractive location for modern port, industrial, and logistics uses.
Sustainable Development
FOUR PARX is pursuing a sustainable approach for this project. Planned features include fossil-free technical systems, heat pumps, energy-efficient LED lighting, smart metering systems, and photovoltaic systems for generating renewable energy directly on-site. Additionally, a modern charging and mobility infrastructure will be created for users and employees. The project is being developed according to the criteria of the German Sustainable Building Council (DGNB), aiming for certification according to the Gold Standard.
The development takes place on a former operational site of Olenex Edible Oils GmbH. By revitalizing this brownfield area, FOUR PARX contributes to the creation of urgently needed modern logistics, industrial, and commercial spaces in one of the most in-demand port regions in Europe.
“With the project in Hamburg-Harburg, we are developing a future-oriented location for modern port, industrial, and logistics uses. The combination of trimodal connectivity, direct water access, and its own rail infrastructure creates an exceptional offering in the Hamburg market,” explains Marcus Jungheim, managing partner of the FOUR PARX Group.
Wolfgang Ködel, Managing Director and Head of Real Estate Germany at Urban Partners, adds: “We are very pleased to bring this project to fruition together with FOUR PARX as part of our joint venture with HIH Invest, thus realizing our second joint investment in Hamburg. Especially in the current market phase, the project sends an important signal for our long-term commitment to the development of logistics locations, particularly in light of the growing demand for secure supply chains and robust infrastructure.”
The sale of the former Olenex site was facilitated by Cushman & Wakefield. The leasing of more than 50% of the hall spaces was conducted by Realogis. The transaction was legally advised by the law firms Ashurst and Heuking Frankfurt.
