Swiss Life Asset Managers is stepping up the expansion of the 'Hanover North I' logistics project in Wietze near Hanover, Lower Saxony. Through the acquisition of additional plots, the development area grows from previously around 77,000 square metres to approximately 147,000 square metres. As part of this expansion, the achievable lettable area increases to a total of around 79,000 square metres, creating additional capacity for modern logistics formats before the start of above-ground construction.
Speculative start of construction for first phase at end of 2026
The implementation of the first construction phase will take place without a prior pre-letting quota. Construction is scheduled to begin at the end of 2026, with general contractor GOLDBECK appointed to deliver the scheme. In this first phase, approximately 38,000 square metres of warehouse space, around 1,900 square metres of office space, and more than 4,600 square metres of mezzanine space are to be built.
Following completion of the overall development, the approximately 79,000 square metres of lettable space will be divided into around 69,000 square metres of warehouse and logistics space, roughly 7,100 square metres of mezzanine, and about 2,900 square metres of office and social areas. The warehouse design provides for flexible use: the property can either be let to a single large occupier or partitioned into smaller units for several parties.
Strategic connectivity and sustainable construction
The location in the district of Celle benefits from its position within the urban triangle of Hanover, Bremen, and Hamburg. Direct access to the supra-regional road network is provided via the A7 and A2 motorways. In addition, logistics hubs such as the Hannover-Lehrte freight transport centre, Hanover-Langenhagen Airport, and the Hannover Container Terminal are within easy reach. The project is part of the pan-European development initiative 'Roots', through which Swiss Life Asset Managers is establishing logistics hubs across core markets.
- —Photovoltaic systems on the roof surfaces for local power generation
- —Heat pump systems for heating and cooling the space
- —Charging infrastructure for electric commercial and passenger vehicles
- —Targeted building certification according to the BREEAM 'Very Good' standard
Ingo Steves, Managing Partner Logistics at Swiss Life Asset Managers, emphasised that the land acquisition prior to the actual start of construction demonstrates the execution strength of the company's logistics platform and provides reliable prospects for local authorities and investors. Moritz Löbbert, Development Director Logistics at the firm, also explained that they are deliberately capitalising on the potential of this location, adding that the additional site volume makes it possible to respond even more precisely to the requirements of future occupiers.
