Düsseldorf / Essen, 12 June 2024 - The excavators are rolling on the former logistics site of Thyssenkrupp Schulte in Altenessen. International project developer Hillwood acquired the 80,000 m² brownfield site in 2023 and speculatively began work on a new logistics building in May 2024. Realogis - Germany's leading consultancy for industrial and logistics properties and commercial land - has now succeeded in fully letting the new building complex, which comprises around 42,000 m² of rental space, off plan.

The tenant of the property at Johannisstrasse 71 (45329 Essen) will be the online retailer Euziel. The company has concluded a long-term rental agreement for approx. 38,200 m² of warehouse space with around 40 ramp gates, approx. 2,400 m² of mezzanine space, just under 1,600 m² of office and social space and 104 car parking spaces.

Euziel sells products in the furniture, home office, outdoor & garden, storage, make-up and jewellery and pet accessories segments under the ‘Songmics Home’ umbrella brand and will move into the stand-alone property in the first quarter of 2025.

‘Following our two modern locations in the port of Duisburg, Realogis has enabled us to secure another logistics hub in the Ruhr region in good time with the new building in Essen,’ explains Yi Kong, Managing Director of Euziel International GmbH.

‘The full occupancy rate at the start of our construction activities confirms the high attractiveness of the location for retailers,’ comments Anré Wolters, Managing Director at Hillwood Germany.

"The development site is conveniently located between the motorway junctions of the A40 and A42 motorways. This was the deciding factor, as the Euziel property guarantees quick access to the surrounding metropolitan areas of the entire Ruhr region and Düsseldorf as well as to the Logport,’ says Bülent Alemdag, Managing Director of Realogis Immobilien Düsseldorf GmbH.

REALOGIS press contact:
SH/Communication - Agency for Public Relations
Silke Westermann
Tel: +49/211/53 88 3-440
E-Mail: s.westermann@shcommunication.de

Company contact REALOGIS:
REALOGIS Holding GmbH
Silja Schuppler
Marketing
Rundfunkplatz 4, 80335 Munich
Tel: +49/89/51 55 69 17
E-Mail: s.schuppler@realogis.de
www.realogis.de

REALOGIS. No. 1 for industrial and logistics properties

The REALOGIS Group is Germany’s leading player for the consulting and brokering of industrial, logistics and commercial properties. Founded in 2005 as a pioneer for the asset class of logistics and industry, the owner-operated group has enjoyed healthy growth, is crisis-resistant and knows the German market like no other. In 2022 Realogis generated nearly 1.25 million m² of usable space alone in the letting segment. The net commission revenue of all services in the financial year 2023 are around EUR 19 million.

In 2021, REALOGIS also won the German Real Estate Prize in the “Commercial Player” category, which honours companies for their outstanding commitment, creativity, innovative strength and sustainability.

Realogis is represented in the country’s seven top logistics locations of Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Leipzig, Munich and Stuttgart, while a dedicated organisational unit ensures transparency in around 15 additional regional logistics markets. 70 real estate professionals advise national and international companies from the fields of logistics, e-commerce, retail and industry as well as private and institutional investors. Quick, flexible, regional, customer-oriented and with a high volume of transactions.

REALOGIS four core competencies are arranging highly creditworthy tenants for new and existing properties, assisting investors with property investments and project development of greenfields and brownfields, outstanding service for locating or selling sites, and the development and implementation of holistic property strategies.

In short, REALOGIS creates more room for its customers’ success in every sense. Further information: https://www.realogis.de/