On September 26, GIEAG Immobilien AG (GIEAG) celebrated the handover of 21,500 square meters of logistics space to Amazon at Joseph-Meyer-Strasse 5 in Erfurt. In the presence of Wolfgang Tiefensee, Minister of Economic Affairs of Thuringia, and Andreas Bausewein, Mayor of Erfurt, a tour of the site followed by a reception took place as part of the handover of keys.
The “Erfurt II” project is located on a site of around 40,000 square meters and includes office and mezzanine space with a hall height of 12.5 meters. The hall is about 260 meters long and extends over a width of about 85 meters. Ground was broken exactly one year ago on September 27, 2018, and the lease agreement with Amazon was signed in March 2019.
“For years, Erfurt’s logistics market has been characterized by constant growth and increased demand for modern and sustainable logistics space,” says Thomas Männel, CEO of GIEAG Immobilien AG. “In the direct vicinity of our ‘Erfurt I’ project, which was completed in 2018, we are handing over our second large-scale logistics hall in the region today. With Amazon, we were also able to win one of the most renowned logistics companies as a long-term tenant.”
GIEAG Immobilien AG
Philipp Pferschy
Montgelasstraße 14
81679 München
ir@gieag.de
+49 89 290516-0
PB3C GmbH
Tauentzienstr. 16
10789 Berlin
gieag@pb3c.com
+49 30 726276-152
GIEAG is a family-run Munich real estate stock corporation. The shares of GIEAG Immobilien AG are traded on the Munich Stock Exchange as well as the Frankfurt Stock Exchange and Xetra. By combining the three asset classes - office, residential, logistics - and the two service areas of development and portfolio management, the company offers stability that is unique in the market. The GIEAG team of experts is a guarantor for innovative and forward-looking concepts.
Over the past 22 years, GIEAG Immobilien AG has developed and optimised a large number of real estate projects with areas of up to 145,000 square metres and an individual investment sum of 15 to 150 million euros. Partnership, transaction security, perseverance and speed are the basis of sustainable value development for GIEAG.
