Swiss Life Asset Managers is expanding its development portfolio with the acquisition of a 45,400 suare metres plot near the Ruhr area, where it will develop a modern logistics property with 24,700 square metres of rental space.
The investment manager has exclusively acquired a site in Wadersloh, close to the eastern Ruhr area. Located on Diestedder Strasse, the land is fully prepared for construction. The planned “Rhine-Ruhr Northeast” project will be a state-of-the-art logistics facility, reinforcing Swiss Life Asset Managers’ commitment to growing its Europe-wide logistics pipeline, "Roots." The development is scheduled to commence in 2025.
Source: europe-re.com on the 24 March 2025
https://europe-re.com/swiss-life-asset-managers-acquires-development-site-for-logistics-property-north-rhine-westphalia/74072