Four Parx plans ecological, modern industrial park in Kirchheim near Munich
- The hubergroup acquired a paint chemicals plant with an area of around 76,740 m²
- Two-storey, 93,000 m² innovative multi-user business park planned
- Sustainable investor Aquila Capital, specialised in ESG projects, as partner on board
At the end of February 2020, Four Parx, an innovative real estate development company specialising in commercial properties, acquired the commercial property Feldkirchner Strasse 15 – 17, in 85551 Kirchheim-Heimstetten, east of Munich, from hubergroup Deutschland Gmbh. The site, which is currently occupied by a paint factory, has a size of around 76,740 m².
The hubergroup will continue to use the property until 31st of March 2021 and will gradually relocate production to other sites during this period. During this time, Four Parx plans to obtain a building permit and thus to begin on the 31st of March 2021 with the 18-month construction of an innovative, modern and sustainable two-storey industrial park for various uses. The concept takes full account of the resolution of the municipal council, which has imposed a ban on changes to the original development plan. With its concept, Four Parx thus meets all the requirements of the new development plan and is developing an almost climate-neutral industrial park and will appeal to users with low-emission businesses.
The concept is aimed at potential tenants from the fields of research & development, laboratories, pharmaceuticals, innovative production of IT, electronics, biotech, robotics, crafts and services. It is also possible to use the area purely for offices and to rent small-scale space, for example for start-ups. The aim is to achieve a heterogeneous mix of predominantly local and medium-sized companies. According to current plans, approx. 60,000 m² of commercial space and approx. 33,000 m² of office and service space will be created on the site.
The project development will be implemented together with Aquila Capital, based in Hamburg. The Aquila Group is an experienced and long-term investor in tangible assets, which has been investing in sustainable and ecological tangible assets such as photovoltaic systems, wind energy and hydropower plants since 2001 and also has extensive real estate expertise.
A particular focus of the innovative business park will be on efficient, ecological and emissions-reduced use and a modern working environment for future employees. The objectives of the ESG guidelines (ESG – Environmental and Social Governance) will serve as a benchmark for development. It is planned to exceed existing standards. For example, the building materials used should be as completely climate-neutral and recyclable as possible (cradle-to-cradle process).
Construction plans also include intensively greened facades and large roof terraces, which will be planted with trees. The area as a whole will be generously planted with trees and flowering meadows in order to achieve a high-quality and natural look and feel on the outside, to preserve existing biodiversity and to attract additional species diversity. Moreover, a green strip of more than 10,000 m² along the motorway as well as the roof gardens will be developed as recreational areas for the employees, in addition to their architectural and ecological function for the environment.
A largely closed external facade will absorb noise emissions completely within the building.
“Together with our partner Aquila Capital, we are striving with this innovative project to create an innovative industrial park as a beacon project, unique in Germany to date, which counteracts the sealing of the land with its two-storey construction, strengthens the local economy and offers attractive new jobs and training places. This will result in an upgrading of the entire industrial park,” explains Francisco J. Bähr, managing partner at Four Parx.
The hubergroup plans to keep its main administration with approx. 200 employees at the Kirchheim Heimstetten site and is counting on the friendly support of the local community.
“We are very pleased to have found a buyer in the project developer Four Parx and the investor Aquila Capital, who appreciates the quality of the location and the development potential of the site. We were convinced by the concept presented, which is compatible with the ban on changes imposed by the municipal council,” says Heiner Klokkers, Managing Director of the hubergroup, commenting on the sale of the land.
About Aquila Capital:
The Aquila Group is an experienced and long-term real asset investor. Founded in 2001 by Dr. Dieter Rentsch and Roman Rosslenbroich, it now manages EUR 10.75 billion (AuA/AuM) of assets (as of Dec 31, 2019) for investors around the world. Last year Aquila entered into a strategic partnership with Daiwa Energy & Infrastructure.
Aquila invests in sustainable long-term trends in the fields of renewable energy, social housing, affordable housing and commercial real estate that take into account environmental standards and sustainability, infrastructure, wood industry and agriculture. Aquila Capital offers selected real value concepts, managed by experts. The entrepreneurial investment teams find, develop, finance, manage and operate investments along the entire value chain. In doing so, they make use of industry networks and contribute their in-depth experience.
Because this concept requires local management teams and local presence, Aquila Capital is represented in 14 locations in 12 countries. Extensive operational expertise, over 300 employees, active asset management and a passion for detail ensure successful investments, high-performance products and timely investments.
Further information: www.aquila-capital.de
About hubergroup Germany GmbH
With 255 years of experience, the hubergroup is one of the leading international specialists for solutions and technologies relating to printing inks and printing aids for packaging and commercial printing. The successful family-owned company produces a large proportion of the key raw materials such as pigments, binders and additives in-house in India. This enables the hubergroup to define its own quality and environmental standards and guarantee these to its customers. The success of the customers is always the focus of the company. Therefore, the hubergroup works every day on innovative solutions, technologies and services to optimise value creation in the printing industry and enable its customers to achieve first-class results. In 2019, the company generated annual sales of around 780 million euros. The printing ink manufacturer is represented worldwide with 3,700 employees in over 30 countries.
About Four Parx:
FOUR PARX Holding GmbH, based in Dreieich, Germany, specializes in the project development of innovative commercial and logistics areas. Four Parx designs and develops innovative and sustainable building and space concepts with a visionary focus on sustainability, new mobility solutions, alternative energy supply, digitisation, compact space planning and high flexibility.
Experienced real estate experts have joined forces in FOUR PARX Holding GmbH: Project development expert Francisco J. Bähr, the architect Oliver Schmitt, who specializes in commercial real estate, and the real estate manager Marcus Jungheim. Four Parx looks back on more than 25 years of experience in project development. With a team of over 25 employees, Four Parx is currently developing over one million m² of land for commercial and logistics properties in Germany.