Panattoni Campus Hanover City Centre: Panattoni launches lighthouse project in state capital
With the Panattoni Campus Hanover City Centre, Panattoni, the leading project developer for industrial and logistics properties in Europe, is launching a lighthouse project in the state capital of Lower Saxony. The modern, third-party use industrial park comprises a new structure for the existing tenant, Nexans Deutschland GmbH, a business park based on the City Dock concept and a Panattoni Park. Thus, Panattoni is combining large-scale hall structures with small-scale business parks and creating a modern campus solution with flexibly designable lots for regional and international users. The total usable area comprises 100,000 m² and a total of 981 parking spaces for passenger vehicles on the exterior premises. Future employees will profit from the excellent location, infrastructure and connection, only 14 minutes by car to the Hanover airport and 15 minutes by car to the main train station. The inner-city motorway access to the A2 is also only 4 minutes away.
The Panattoni Campus Hanover City Centre will be one of the largest inner-city brownfield projects in Germany. To this end, the project developer is revitalising a 167,678 m² industrial site with a more than 130-year industrial history and the various resulting types of soil contamination. Although the existing user and anchor tenant, Nexans Deutschland, an internationally active cable manufacturer headquartered in Paris, France, and previous companies have produced cables on this plot for around 100 years. The property was acquired in March 2022, after the plant was closed. Panattoni had all of the existing buildings torn down by Hagedorn, a company with a long, proven track record and with which Panattoni has a cooperative relationship. A majority of the mineral-based demolition material will be reused for the hall substructure and frost protection.
The developer is building a new BTS building with a usable area of 9,200 m² for Nexans. Of that, approx. 6,500 m² are warehouse space and 2,800 m² are office space, with an additional 2,500 m² of outdoor storage space.
In addition, the campus includes a Panattoni Park which makes 72,800 m² of industrial space, divided across three buildings, available to future users from the automotive, storage, production and eCommerce sectors. Of that, around 60,000 m² are warehouse space, approx. 4,000 m² are office space, and 6,800 m² are interior mezzanine space. The building has an effective height of 12.20 m (to bottom of girders).
The commercial and business park, according to the City Dock concept, comprises a total area of approx. 22,000 m², of which approximately 13,400 m² are warehouse space, and 4,400 m² are office space and 4,400 m² are flexible-use space. The building has an effective height of approx. 8 m (to bottom of girders). With the City Docks, Panattoni is presenting a solution for developing commercial lots in urban locations aimed at wide range of users with diverse business models. In particular, small and medium-sized enterprises (SMEs), the production industry, trade, commerce and start-ups can profit from the need-based usability of the areas and excellent accessibility and infrastructure. Due to the customisable options for the flexible-use areas, which can be modularly expanded or combined with respect to their size and allocation, tenants can participate in designing their spaces.
Anja Ritschel, Director of Economic and Environmental Service of the State Capital Hanover says the following about the Panattoni Campus Hanover City Centre, “We are pleased that the former Nexans premises is going to be revitalised and holistically developed. This is also in line with the city’s goals concerning the interior and exterior development of commercial lots. With the persistent shortage of commercial lots within the city and continued high demand, this project is a real asset!”
While developing the industrial park, Panattoni is focussing on sustainability aspects. To this end, the project will be built according to the DGNB gold certification and the higher sustainability standards set forth by the Panattoni Green Building concept. This includes a multi-layered package of sustainable development measures of the interior and exterior areas, including the use of district heating, the installation of photovoltaic systems (PV) for the low-emission supply of energy, skylights, a rainwater cistern and irrigation of the exterior areas and e‑charging stations for electric cars and bicycles. In addition, CO2-saving facade elements made of recycled concrete will be used. The social aspect will also be taken into account by creating a well-being area with spaces for barbecuing, table tennis, boules and chess, and much more.
“The development of the campus solution in the Hanover city centre is a special project that we are very proud of. The novel lot concept with various user focal points addresses the individual needs and demands of existing and future users and creates additional value for the city. On the Nexans site, we are creating new and sustainable lots that honour its industrial history. We would like to say thank you for the excellent partnership of equals with Nexans Deutschland, BNP Paribas Real Estate and the City and region of Hanover,” explains Fred-Markus Bohne, Managing Partner at Panattoni Germany and Austria.
The campus solution, which comprises an investment volume in the mid, three-digit million range, will be completed in two construction phases. The earthworks and drainage work for the first construction phase will start in May 2023. The first construction phase is slated for completion in the first quarter of 2024. The demolition work was carried out by Hagedorn between July 2022 and March 2023. Throughout the demolition process to date, around 5 tons of munitions and equipment from World War II have been found in the form of grenades and two five-hundredweight bombs.
BNP Paribas Real Estate accompanied the purchase of the property and is also responsible for marketing the site.
More information about the Panattoni Campus Hanover City Centre can be found at: Panattoni Campus Hannover Zentrum