Patron Capital and Inbright plan to invest up to 鈧�180m to renovate a newly acquired industrial site in Ludwigsburg, Germany.
The companies said they have acquired parts of the industrial site occupied by manufacturing business Mann+Hummel and plan to redeveloped the 550,000sqft into a modern research and development and light industrial campus. DZ Hyp is involved as a financing partner.
The site is located between Schlieffenstrasse, Gr枚nerstrasse and Wilhelm-Fein-Strasse, in Ludwigsburg鈥檚 Weststadt area.
Till Meister, Inbright鈥檚 senior project manager for the Ludwigsburg project, said: 鈥淭he industrial campus we鈥檙e planning to create will meet considerable demand in this area.
鈥淲ith a particular focus on ESG, the space here will offer maximum energy efficiency and flexibility, and will be constructed using sustainable methods.鈥�
Christoph Ignaczak, a senior partner at Patron Capital, said: 鈥淭his major investment will contribute to the ongoing regeneration of Ludwigsburg鈥檚 Weststadt area, a vibrant location that is already undergoing significant changes. We鈥檙e pleased to partner with Inbright on this deal and look forward to exploring further opportunities with them.鈥�
Kai Drinda, VP corporate real estate management at Mann+Hummel, said: 鈥淚nbright and Patron鈥檚 vision of a modern, sustainable campus for technology-enabled manufacturing businesses is both exciting and compelling.
The new space available for rent will bring new companies and jobs to the immediate vicinity of the Mann+Hummel headquarters as well as to Ludwigsburg more generally, further increasing the Weststadt area鈥檚 appeal as a business location within the Stuttgart region.鈥�
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