Feldberg Capital has advised its joint venture with the Teacher Retirement System of Texas on its inaugural acquisition. The venture has secured a site measuring roughly 55,000 square metres located at Industriestrasse 60 in Wedel, an area situated to the west of Hamburg. Plans are in place to transform the location into a modern logistics asset offering approximately 35,000 square metres of lettable space divided across six individual units.

Project development duties have been assigned to logistics real estate specialist thirteen seven. The construction work is slated for completion by mid-2027. To satisfy environmental standards, the building specifications include eight electric vehicle charging points and a solar photovoltaic system boasting a capacity of 2,300 kWp. Furthermore, a grid connection capacity of 3,200 kVA will be installed to support the rising power requirements associated with expanding e-mobility.

The investment strategy relies on a mid-box approach that originally launched in 2025. This joint venture is targeting a total investment volume of 200 million euros to fund premium logistics developments within major German metropolitan areas. These regions attract interest due to strong demand for top-tier logistics hubs and high-quality transport infrastructure links.

“We focus on locations with strong connections to road, rail or air transport in economically strong regions. Hamburg and the surrounding area meet these criteria and also play a key role in the pan-European supply chain network. This makes it particularly well-suited for long-term logistics development,” says Stefan Schade, Director, Investment at Feldberg.

Feldberg Capital operates as the investment adviser for this venture. Its partner, the Teacher Retirement System of Texas, ranks among the largest public pension systems in the United States. As of 31 August 2025, the market value of the pension fund stood at 225.3 billion US dollars. The primary mission of the organisation involves supporting Texas educators through managing trust assets and distributing member benefits.