Swiss Life Asset Managers has expanded the site for its Hanover North I logistics project in Wietze, near Hanover, securing additional land parcels prior to launching the initial construction phase. The purchase expands the overall development site from approximately 77 000 square metres to around 147 000 square metres. Consequently, total planned rental space across the scheme will increase to roughly 79 000 square metres.
Construction of the first phase is scheduled to begin at the end of 2026 without requiring pre-letting agreements. Building contractor GOLDBECK has been appointed to deliver this first phase, which will provide approximately 38 000 square metres of warehouse space, 1900 square metres of office space and more than 4600 square metres of mezzanine space.
The expanded total development footprint will feature about 69 000 square metres of warehousing, 7100 square metres of mezzanine space and 2900 square metres of office and social accommodation. The layout accommodates single large operators or multi-tenant configurations.
“The fact that we have been able to expand the project by acquiring additional land even before construction begins demonstrates the confidence placed in our development and delivery capabilities, and reinforces our position as a trusted partner in logistics real estate development,” says Ingo Steves, Managing Partner Logistics at Swiss Life Asset Managers. “This step highlights the ability of our pan-European logistics platform to deliver modern, future-ready logistics locations in strategic settings that create lasting value for occupiers, local communities and investors alike.”
Located in the district of Celle, the project sits within the transport triangle formed by Hanover, Bremen and Hamburg. The site offers direct access to the A7 and A2 motorways, alongside links to the Hanover-Lehrte freight village, Hanover-Langenhagen Airport and the Hanover Container Terminal.
“We are confident of the location’s potential and are expanding our project accordingly,” explains Moritz Löbbert, Development Director Logistics at Swiss Life Asset Managers. “The additional land provides greater flexibility for our customers and enables us to respond even more precisely to their individual requirements. This expansion supports a customer-centric development approach and strengthens the long-term viability of the project as a whole.”
Sustainability measures for the development include rooftop photovoltaic panels, heat pumps and electric vehicle charging points, with the project targeting a BREEAM Very Good certification. The expansion forms part of Roots, the pan-European development pipeline operated by Swiss Life Asset Managers.
