Major industrial development near Hamburg: Boeing expands footprint in Germany

24/03/2021

Major industrial development near Hamburg: Boeing expands footprint in Germany

In cooperation with the municipality of Henstedt-Ulzburg as well as Warburg-HIH Invest and logistics real estate specialist Verdion, Boeing is expanding its activities in Germany creating the new European hub for chemical and specialty material support for its aftermarket services customers.

Located in one of Germany’s top logistics hubs and major centre for the aviation industry, the real estate project marks a significant industrial development for the Hamburg region. The strategic investment will enable Boeing to build out its capacity and product portfolio, further strengthening its value proposition and growth strategy in the highly competitive aerospace market. With the construction work starting in March, the facility is expected to be operational by Q2 2022.

The 34,347 m² site is situated within a short driving distance from Hamburg and Hamburg Airport, offering an ideal location to supply a variety of global customers. The 19,254 m² building will include a 15,352 m² warehouse space with areas especially designed for Boeing’s needs as well as 153 parking spaces. 3,251 m² of office space will be connected to the warehouse facility. For the development, the project partners are targeting the Gold-level certification issued by the German Sustainable Building Council (DGNB) in line with their commitment to minimise the environmental impact.

“This new facility underlines our continued commitment to further strengthen and support the German aviation sector and consolidates our leading position in the European distribution services market. While the aerospace industry is facing challenging times, we want to build on our presence in Germany to ensure long-term growth,” said Dr. Michael Haidinger, President, Boeing Deutschland.

John Clements, Executive Director of Verdion, commented: “This facility combines state-of-the-art storage, distribution and offices, setting the standard for Boeing’s regional distribution centre and making clear its commitment to the sector. It successfully addresses the twin challenges of secure storage for sensitive goods and ready access to the company’s locations across northern Germany from a growing logistics hotspot that offers an alternative to Hamburg’s undersupplied market.”

Warburg-HIH Invest financed the project and will lease the building to Boeing. “With the purchase of the property, we achieve an even broader geographical and tenant diversification of our portfolio,” said Hans-Joachim Lehmann, Managing Director of Warburg-HIH Invest. “In addition, we are further expanding the fund’s core orientation with the property, which is leased for the long term.”

“We are very happy that Boeing chose Henstedt-Ulzburg as its location,” said Mayor Ulrike Schmidt. “The company is already present in the region so that important skilled labour will be retained. The 15-year location guarantee underline Boeing’s plans to stay in Henstedt-Ulzburg for the long term and expand its presence here.”

Dr. Bernd Bösche, Managing Director of the Business Development and Technology Transfer Corporation of Schleswig-Holstein (WTSH), concluded: “Boeing’s decision to select Henstedt-Ulzburg as its location is proof of Schleswig-Holstein’s site advantages for international companies. In addition to a good transport infrastructure and the proximity to Hamburg Airport, the availability of qualified specialists is a particularly important location factor. We are pleased that we were able to support Boeing in finding the perfect business venue in Henstedt-Ulzburg. A warm welcome and good luck.”