Sunrise Real Estate, the pan-European investor, developer and asset manager of high-quality logistics assets, has recently completed a build-to-suit in Altenstadt, to the northeast of Frankfurt, Germany.

Sunrise Real Estate acquired the site in October 2022 and worked with the municipality to identify a suitable tenant which met the employment needs of the local community. The scheme was then designed specifically for Breitfeld & Schliekert GmbH, a specialist supplier of optical equipment serving opticians around the region and beyond.

The development has now been completed, with Breitfeld & Schliekert taking occupation of the 11,000 sqm property. As well as providing bespoke, Grade-A industrial and logistics space, the building also benefits from excellent sustainability credentials, with specific measures taken to promote diversity on the site and surrounding areas, as well as the achievement of DGNB Gold standard.

The scheme is strategically located approximately along the 45 motorway, which connects Frankfurt to central Germany, as well as the Rhine Ruhr region.

Matthew Stevens, Head of Development at Sunrise Real Estate, said:

“The completion of this scheme highlights our ability to identify and acquire sites in strong locations and work collaboratively with local partners and municipalities to de-risk the project. We were focused from the outset on achieving excellent sustainability credentials which has resulted in a building fit for the future, but also our tenant’s needs. We are actively looking for further development sites in Germany where demand remains strong for high-quality, modern logistics assets.