Real Estate Market Report 2014 Rhine

Transcription

Yours to
be discovered!
Focus
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www.m-r-n.com
Real Estate Market Report 2014
Rhine-Neckar Metropolitan Region
Wolf-Rainer Lowack
Managing Director
Metropolregion RheinNeckar GmbH
Ralph Schlusche
Association Director
Verband Region Rhein-Neckar
Dear Readers,
Those doing business in the real estate market of the Rhine-Neckar Region can
currently look forward to the exciting effects the conversion of military properties
will have on the this market.
Of the almost 1,000 hectares that will become available in the market stepby-step by 2020, large sections are located in central areas of the core region.
However, their future use will affect the entire Rhine-Neckar Metropolitan Region.
We are eager to seize these opportunities in order to further minimize the disparities between urban and rural areas in conjunction with the conversion.
The generation of high levels of acceptance and a controlled, demand-driven
zoning development hinge on the intense and transparent dialog between citizens,
planners and investors in the metropolises and the region alike. The fact that
action is being taken on the regional level also offers additional options for the
implementation of innovative model projects, such as sustainable mobility solutions or the integration of decentralized energy systems in conversion projects.
On the occasion of this year’s publication of the Real Estate Market Report we
once again invite you to gain an overview of the overall regional perspective with
its wealth of individual projects and detailed data. A highly efficient project team
consisting of representatives of the regional real estate industry and the municipal administrations in the region has prepared these latest insights into the region
for you.
The dynamics of innovative utilization concepts – in retail, the office space market
or in industrial parks – reflect the region’s prosperity. We are pleased to further
expand our successful track record and to now present the latest developments
and investment opportunities in the Rhine-Neckar Region in this Real Estate
Market Report 2014 to you.
We hope that it will be an inspiring read!
1
Key transportation
infrastructure to the
Palatinate: Hochstraße
Süd with pylon bridge in
Ludwigshafen
2
Contents
Source: Rhein-Neckar
Business Destination Rhine-Neckar
Metropolitan Region
4
Focus Conversion Rhine-Neckar
6
Market Segment Office Space
10
Market Segment Retail Space
16
Market Segment Commercial Land Parcels
23
Map Overview of the Region
26
Glossary
28
Legal and Contact Information
29
3
An economic powerhouse
in the heart of the
Rhine-Neckar Region:
Ludwigshafen am Rhein
Business Destination RhineNeckar Metropolitan Region
The Rhine-Neckar Metropolitan Region is a tri-state region in the Southwest of Germany comprising
parts of three German states - Baden-Württemberg, Hessen and Rhineland-Palatinate. It spans
seven counties and eight urban municipalities. Covering a space of approximately 5,600 square
kilometers, the region is home to about 2.4 million residents. Along with its neighboring regions
Frankfurt/Rhine-Main to the North and Karlsruhe/Stuttgart in the South, the Rhine-Neckar Region
is one of Europe’s economic powerhouses. The three metropolises Heidelberg, Ludwigshafen and
Mannheim provide a balanced spatial structure in combination with medium-sized towns, such as
Worms, Speyer and Bensheim.
4
BAD HOMBURG
v.d. Höhe
FRANKFURT
Legend
am Main
WIESBADEN
HANAU
OFFENBACH
am Main
Towns
Transportation infrastructure
Population more than 100,000
Interstate
Population 50,000 to 100,000
Railway line
RÜSSELSHEIM
MAINZ
ASCHAFFENBURG
HESSEN
DARMSTADT
Source: Own mapping edited based on GeoBasis data:
© GeoBasis-DE/ BKG 2013: Cartography: VRRN
BAYERN
RHEINLANDPFALZ
M
ain
Thanks to its central location in Germany and Europe
WORMS
paired with its excellent infrastructure, the Rhine-Neckar
Metropolitan Region is within easy reach from just about
anywhere. Automotive travelers and delivery services
LUDWIGSHAFEN
MANNHEIM
am Rhein
enjoy the convenience of optimal interstate connections
thanks to the East-West-Axis (A6) as well as multiple
HEIDELBERG
NEUSTADT
Ne
a.d. Weinstraße
a
ck
North-South bypasses (A 5, A 67, A 61 and A 65). Also,
r
Mannheim’s Main Station boasts 230 long distance
departures daily, making it the second largest ICE hub
international air transportation hub, can be reached in
KARLSRUHE
just 30 minutes. Since March 2014, scheduled flights
once again depart for and arrive from the German capital,
Berlin. Mannheim’s Cargo Freight Depot is the second
largest of its kind in Germany.
Along with the Inland Port Center Mannheim/Ludwigshafen, which ranks second in Europe, they provide
HEILBRONN
Rhein
in Germany. From there, Frankfurt Airport, Germany’s
BADEN-WÜRTTEMBERG
FRANKREICH
LUDWIGSBURG
PFORZHEIM
STUTTGART
WAIBLINGEN
BADEN-BADEN
15 km
ESSLINGEN
am Neckar
SINDELFINGEN
central cargo transportation hubs. Boasting a gross
domestic product of EUR 80 billion, just 5 % unemployment and an export quota of 59 % (national German
average 40 %), the Rhine-Neckar Metropolitan Region
is one of the top-ranked business locations in Germany.
The chemical, automotive, machine and equipment
manufacturing industries as well as IT, biotech and life
3:09 h
0:30 h
Mannheim MS – Paris
Mannheim MS –
Frankfurt Airport
12,86 Min. 93,73%
Average availability of IC/ICE
stations in MRN
of the population commute
less than 30 min. to ICE/IC
stations
sciences are key business pillars. International conglomerates who are leaders in their respective fields, such as
BASF, SAP or HeidelbergCement, all have their headquarters in the region, as do medium-sized market
leaders including Freudenberg, Fuchs Petrolub, Roechling or Renolit. The excellent scientific infrastructure
further strengthens the region’s standing. About 95,000
students are currently enrolled with the 22 regional
universities and colleges. There are also more than 40
non-university research institutions, such as the German
Cancer Research Center or the European Laboratory for
Molecular Biology in Heidelberg.
Population Development 2030
+7.4%
While Germany’s population will shrink by 3 percent
by 2030, the developmental
trend in the Rhine-Neckar
region is positive.
Source: Own graph MRN based on
data from BBSR/IKM
Munich
+4.49%
Frankfurt/Rhine-Main
+4.3%
Stuttgart
+3.85%
Rhine-Neckar
+2.37%
Bremen-Oldenburg
+0.82%
Hamburg
-1.91%
Nuremberg
The close cooperation between businesses and scien-
-3.0%
tific institutions in a variety of clusters (e.g. BioRN or
-3.07%
Forum Organic Electronics) will safeguard the sustain-
-4.37%
Berlin-Brandenburg
Rhine-Ruhr
ability of this innovative force inherent in the companies
Hanover
domiciled here in the future.
Central Germany
-17.22%
5
Conversion Rhine-Neckar: Internal
Before External Development
One of the key characteristics of all of the solutions
intensively to develop the best solutions for the planned
implemented in the Rhine-Neckar Metropolitan Region
spaces and targeted usage concepts.
for the converted and post military use of such properties is the early and comprehensive integration of the
The development of all of the spaces offers a unique opportu-
population. This gives investors planning certainty and
nity to further boost the profile of the region. The application
paves the way for sustainable usage concepts. Ulti-
of the necessary sensibility in the marketing and the needs-
mately, the dialog-based planning processes, most
driven approach allow the settlement structures in the region
of which have made a lot of progress, merge with a
to gain in terms of quality. Other challenges that have to be
general urban planning concept, which in turn provides
taken into account during the conversion process are the
the foundation for the necessary zoning plans.
demographic changes underway in Germany and the necessary space consumption restrictions.
Teams of representatives of third party architecture firms,
businesses and societal organizations as well as citizens and
municipal administrators plus other experts work together
6
Verband Region Rhein-Neckar 0621-10708-0
info@vrrn.de www.vrrn.de
The usage conversion of
the former Turley Barracks
(Mannheim) into an urban
quarter is making progress
Heidelberg
After the departure of the U.S. Forces from Heidelberg, about
180 hectares of space have become available for redevelopment. The space is split across five properties, some of them
are in the downtown area. The conversion process is already
in full swing. For some of the properties, concrete usage
concepts have been sketched out, which have been developed
in close cooperation between the expert planners, citizens and
municipal commissions. Everything is based on the conversion guidelines. Among the primary development goals listed:
affordable residential space, attractive outdoor areas and
premises for scientific, retail, cultural and recreational activities.
The city is planning to acquire all spaces in conjunction with
the first access option from the Federal Agency for Real Estate
Projects (Bundesanstalt für Immobilienaufgaben = BlmA). In
a second step, the plan is to transfer the spaces to investors
who are committed to supporting the city’s objectives.
Konversionsgesellschaft Heidelberg mbH 06221-58-13000
kaemmerei@heidelberg.de www.heidelberg.de
Mannheim
Within the Mannheim city limits, more than 500 hectares
of former U.S. military barracks will become vacant by 2015,
title to which will initially transfer to the Federal Republic
of Germany. To achieve an integral strategic development,
Mannheim is currently negotiating a potential acquisition with
Source: Tom Bock Group
the BlmA. A lively mix of usages is being planned for the
development of all spaces. Depending on the areas’ suitability,
different usage focal points will come to fruition. Besides
objectives such as residential and commercial space, innovation and sustainability will be at the heart of these projects.
The Benjamin Franklin Village, which boasts 143 hectares of
floor space, is slated to become a model quarter for intelligent energy usage and emissions free mobility (“blue village
franklin”), i.e. the residential neighborhood of the future. The
development of an engineering mile is underway alongside
the B 38, which will also include the Taylor Campus and its
46 hectares as an industrial park with premium outdoor space.
It offers spaces to innovative companies bordering on the
“The subject matter of conversion
in
the
green zone and spans the entire area up to the Turley Barracks
Rhine-Neckar
in the district of Neckarstadt. The Coleman Barracks, which
region has reignited my ambi-
span 216 hectares in the northern part of Mannheim, have
tions. In some places this region may
been designated as a space for natural landscaping combined
be misunderstood for no good reason. After all, thanks to its
with a sustainable mix of businesses and to a lesser extent,
level-headed and cosmopolitan population, it has a lot of
for residential space. The BlmA is already building a residential
potential. I want to do my part to give in particular Mannheim
neighborhood on the seven hectares previously occupied by
the kind of facelift that will bring to light the enormous impor-
the Hammonds Barracks in the district of Seckenheim.
tant of the city without taking away its identity.”
Tom Bock, Managing Director and Founder, Tom Bock Group
MWS Projektentwicklungsgesellschaft mbH 0621-293-9365
info@mwsp-mannheim.de www.konversion-mannheim.de
7
Source: Kay Sommer
The Patton Barracks in Heidelberg’s
Kirchheim neighborhood covers an
area of 14.8 hectares
“In terms of dimension, the
conversion of former military
facilities of the U.S. Forces and
the German National Guard in the
Schwetzingen
Rhine-Neckar Metropolitan Region, is absolutely unique in
Two former U.S. barracks are located in the northern part
Germany. An immense amount of real estate with a high level
of Schwetzingen: the Kilbourne Barracks, which occupy
of structural density is being returned to the BlmA in an
close to six hectares and in its immediate vicinity the Tomp-
extremely short amount of time. Moreover, a large portion of
kins Barracks, which boast about 36 hectares of space. The
the land is located right in the middle of the existing urban
entire area is to be combined with municipally owned land
landscape. The towns and counties, the businesses, the BlmA
for uniform new development. On what will eventually be 53
and the residents will find themselves confronted with gigantic
hectares of space, i.e. about the equivalent of twelve percent
tasks, that also offer enormous opportunities for the mutual
of the city’s current space that is already covered by struc-
development of the region’s successful future.”
tures, an entirely new city quarter with a minimal environmental footprint will be developed.
Michael Scharf, Project Manager Conversion Rhine-Neckar,
Federal Agency for Real Estate Projects
Neckar-Odenwald-Kreis
Stadtverwaltung Schwetzingen Mathias Welle 06202-87-290
mathias.welle@schwetzingen.de
www.schwetzingen.de
The Coordination Office of the Municipal Administrations
Association Hardheim-Walldürn commissioned the University
Germersheim
of Trier – Environmental Campus Birkenfeld – to draft a devel-
The historical buildings of the Stengel Caserne, which domi-
opment concept for the conversion areas of the German
nate this cityscape, will be the town’s urban development
National Guard. The first results are in: The integration of
project for the next few years. At this time, the BlmA is
renewable energies, but also of international education facili-
marketing the 2.4-hectares-spanning property. Depending
ties, are aspects aiming at safeguarding the sustainable use
on whether a compatible project can be conceived, its use
of the sites, which comprise about 63 hectares.
for residential space complemented by restaurants, hotels or
small retailers appears likely.
Gemeindeverwaltungsverband Hardheim-Walldürn Meikel Dörr
06282-67-188 meikel.doerr@gvv-hw.de
www.gvv-hw.de
8
Stadtverwaltung Germersheim Werner Nelles 07274-960-280
wnelles@germersheim.eu www.germersheim.eu
Select Conversion Properties in the Rhine-Neckar Metropolitan Region
Source: In-house depiction, cartography VRRN
No. in Location
Map
Location
Total Floor Space
Current Development Status
In possession of the U.S., citizen participation proceedings underway
1
Coleman Barracks
Mannheim, Sandhofen
226.6 hectares
2
Benjamin-Franklin-Village*
Mannheim, Käfertal
144.3 hectares
In possession of the BlmA, master plan approved, expert assessment underway
3
Turley Areal
Mannheim, Neckarstadt-Ost
12.6 hectares
All land sold or reserved, structural zoning process underway
4
Taylor Barracks
Mannheim, Vogelstang
45.3 hectares
Urban development plan broken down to details, ongoing demolition work
5
Spinelli Barracks
Mannheim, Käfertal/Feudenheim
80.9 hectares
In possession of the BlmA, land to be used for Federal Garden Show 2023, Idea Competition "Grünzug Nord-Ost"
6
Hectaresmmonds Barracks
Mannheim, Seckenheim
6.9 hectares
In possession of the BlmA, structural zoning process underway
7
STEM Barracks
Mannheim, Seckenheim
3.0 hectares
In Possession of the BlmA, feasibility study conducted
8
Kurpfalz-Kaserne
Speyer
23.5 hectares
20 hectares in zoning Speyer, 3.5 hectares in zoning Otterstadt, master plan is being
compiled
9
Stengel-Kaserne
Germersheim
24.9 hectares
On the national register of historic places, research for secondary use concept underway,
currently no planning rights
10
Former casernes in
Schwetzingen
Schwetzingen
53 hectares
2014: citizens’ participation process and feasibility study for the zoning planning
procedures
Preparatory investigations underway
11
Patrick-Henry-Village
Heidelberg, Kirchheim
97.2 hectares
12
US-Airfield
Heidelberg, Kirchheimer Flur
15.6 hectares
13
Patton Barracks
Heidelberg, Kirchheim
14.8 hectares
14
US Army Hospital
Heidelberg, Rohrbach
9.3 hectares
Urban development idea completion still running through the end of 2014
15
Mark-Twain-Village/Campbell Barracks
Heidelberg, Südstadt
43.4 hectares
“Heidelberg Alliance for Conversion”: Master plan approved by the town council
16
Carl-Schurz-Kaserne
Hectaresrdheim
38 hectares
Some usage concepts have been presented
17
Depot
Hectaresrdheim
20 hectares
In possession of the BlmA
18
Mobilization Support Point
Walldürn
5 hectares
Currently under rededication to conversion area to be handed over to the BlmA
* includes the adjacent Sullivan/Funari Barracks
Source: in-house research
9
10
The Print Media Academy and
the X-House in Heidelberg:
Numerous transportation
options provide quick access
Market Segment Office Space
The development on the regional office space markets
no longer considered contemporary and has to be viewed
continues to be robust. In the coming years, experts
critically, especially under energetic aspects, also drives
expect that new impulses will be triggered primarily
these dynamics.
by the conversion of former military facilities. For
numerous sites, concepts are currently being devel-
The high percentage of owner use of office space is char-
oped in intensive discourses with the public, which
acteristic for the industry-driven Rhine-Neckar Region. Only
also include potential for commercial real estate devel-
about 60 percent of the total office space revenues gener-
opment. Properties located on the periphery of the
ated by about 170,000 square meters were contributed by
metropolises in particular offer the convenience of
the rental market last year. This combination of demand-
excellent connections to the interstate and federal
driven developments and economic strength ensures the
highway network.
stability of the region as an investment locale with only minor
fluctuations.
A closer examination of the situation in the three larger cities
– Mannheim, Heidelberg and Ludwigshafen – does, however,
What makes the market even more attractive are the devel-
reveal that not only the conversion of former military facilities,
opments in the environs of the large cities. In Weinheim, for
but also the restructuring of the urban areas overall, leads
instance, a new administrative building for the Freudenberg
to untypical price disparities. The new use of the former
Group of Companies is currently under construction (13,000
customs port in Ludwigshafen or the development of the
square meters, see Photo on Page 12). In Walldorf, where
market in the vicinity of the former railway areal in Mannheim
the Metropol Office (4,000 square meters) is being built,
as well as Heidelberg create large scale shifts in the office
space will also become available in the immediate vicinity of
space market and its pricing structure. The classic downtown
the metropolises.
location is no longer the undisputed optimum site in cities.
Vast new construction areas that are close to city center are
The region’s vast space potential in the favorable overall
gaining ground and are becoming benchmarks that influence
economic situation – keyword “golden concrete” – give rise
the market. The architecture of the 1960s and 70s, which is
to expectations of sideline growth in the market.
Existing office space trend (in m²)
Peak rent developments downtown and proximity
2,0 Mio.
vacancy
16
14
12
1,5 Mio.
10
8
1,0 Mio.
in €/m²/month
6
4
2
0,5 Mio.
2009
2011
2012 2013
Mannheim
Source: gif / In-house research
2011
2012 2013
Heidelberg
2011
2012 2013
Ludwigshafen
2010
Mannheim City peak rent
Heidelberg City peak rent
Ludwigshafen City peak rent
2011
2012
2013
Mannheim Prox. peak rent
Heidelberg Prox. peak rent
Ludwigshafen Prox. peak rent
Source: gif / In-house research
11
Overview of Current Key Office Space Projects
Location
Project Name
Investor/Occupant
Space
Investment Vol. Schedule
2
Ludwigshafen
Office and conference complex D105
BASF
38,180 m
107 mn. €
Under construction, completion 2015
Ludwigshafen
Office complex
BASF
38,000 m2
n.a.
Heidelberg
F&U Campus
F&U Group
18,000 m2
25 mn. €
Mannheim
Quartier4
Diringer & Scheidel
16.000 m²
60 mn. €
Planned
Weinheim
New administrative complex
Freudenberg Group
13,000 m2
30 mn. €
Construction start 2014, completion 2016
Heidelberg
Mathematikon
Mathematikon Heidelberg
12,000 m2
n.a.
Landau
New construction office complex
Michael Münch/Auvesy
12,000 m2
3 mn. €
Construction start 2014
Wiesloch-Walldorf Metropol Park
Pending
11,000 m2
27 mn. €
Mannheim
Glückstein-Carré
Diringer & Scheidel
8,200 m2
20 mn. €
Leimen
Technology Center
HeidelbergCement
7,800 m2
20 mn. €
2
Heidelberg
MVZ Dr. Limbach und Kollegen
Dr. Limbach
7,000 m
n.a.
Construction start 2014
Landau
Expansion office complex
Michael Münch/Progroup
7,000 m2
2 mn. €
Ludwigshafen
Prego Services
DC2 Grundstücksgesellschaft
6,000 m2
15 mn. €
Mannheim
Power Plant Jungbusch
City of Mannheim
5,040 m2
17.6 mn. €
Mannheim
Q6 Q7
Diringer & Scheidel
5,000 m2
300 mn. €
Heidelberg
Business Parc
Dulger Vermögensverwaltung
4,300 m2
7 mn. €
Mannheim
P7, 16-18
DC Values
4,000 m2
55 mn. €
Mannheim
MAFINEX Technology Center (2nd construction phase)
City of Mannheim
3,860 m2
13 mn. €
Mannheim
Eastsite 8
B.A.U. Trägergesellschaft
n.a.
n.a.
Planned
Mannheim
Eastsite 7
3,280 m2
12 mn. €
Mannheim
Eastsite 6
2,670 m2
10 mn. €
Mannheim
04, 05
LBBW Immobilien
2,400 m2
35 mn. €
Mannheim
P5, 6 – 8
Heinrich Vetter Foundation
2,400 m2
10 mn. €
Completed in 2014
Mannheim
Headquarters
Karl Berrang
2,300 m2
20 mn. €
Mannheim
P3
Aachener Grundvermögen
2,240 m2
23 mn. €
Completed in 2014
Leimen
New construction municipal administration
complex
City of Leimen
1,725 m2
7.9 mn. €
Source: Freudenberg Real Estate
Source: In-house research (status September 30, 2014); space information based on MF/gif
The visualization of the new administrative complex for the Freudenberg Group in Weinheim: Plans call for 13,000 m2 of office space
12
Source: Diringer & Scheidel Unternehmensgruppe
The Quartier4 features ultramodern office equipment and
is located in the heart of the
Glückstein Quarter right by
Mannheim’s Main Station
Office Market Mannheim
The good transportation infrastructure, the direct access to
the new City Quarter. On the two downtown squares, which
key companies and the diversity of fledgling enterprises in
span an area of more than 16,000 square meters, 153,000
Mannheim’s business establishment centers have allowed
square meters of high-density gross floor space will be
the large city to evolve into the Rhine-Neckar Region’s
completed by 2016. Of these, 28,600 square meters have
developments,
been reserved for retail stores and restaurants and another
which are underway at the military conversion areas here
economic
powerhouse.
Comprehensive
8,000 square meters for offices and professional prac-
in Mannheim will provide additional space for the expan-
tices. At four sites between O4 and the P-squares as well
sion of the growing sectors in the manufacturing industry, in
as between the Parade Plaza and the historic Water Tower,
medical technology, the media industry and other sustain-
large, ultra modern office and retail space is being built along
able sectors. In 2013, the about 81,000 square meters of
the largest shopping mile of the Region – the Planken. The
space were sold, which was below prior year’s turnover of
private investment volume in the downtown area totals
93,400 square meters. However, the high volume of the
approximately 730 million Euro.
previous year can be attributed to two lease agreements
made with chemical conglomerate BASF, which totaled
Three business foundation centers are currently under
about 35,000 square meters.
construction: the new creative business center in an area
called Jungbusch – the “C-Hub” – as well as the Founda-
The construction of the largest property since that of
tion and Competency Center for Medical Technology – the
Mannheim’s Palace is currently underway in the city: Q6 Q7,
“Cubex41”, which is located in the center of the University Hospital premises and “MAFINEX II,” an expansion of
the existing Technology Center in the Lindenhof district. A
Office Market Indices in Mannheim
Indices
Trend 2014
competency center for the textile industry – the “MATex” –
2013
2012
Existing space
1.95 mn. m2
1.9 mn. m2
Space revenue
2
93,400 m2
Vacancy rate
Downtown peak rent
81,000 m
is also under construction.
“EASTSITE,” which is located 2.5 kilometers to the east of
5.10 %
4.60 %
downtown is an addition to the office sites in the center of
13.40 €/m²
14.10 €/m²
town. Besides the already planned “EASTSITE VIII” office
Downtown average rent
11.40 €/m²
10.70 €/m²
complex, 39,000 square meters of previously close to
City proximity peak rent
14.00 €/m²
13.00 €/m²
65,000 square meters of city-owned commercial space are
City proximity average rent
10.80 €/m²
9.70 €/m²
still vacant and available as building sites. The current devel-
Periphery peak rent
12.90 €/m²
10.00 €/m²
opments do lead to rising rents. The peak and average rents
9.80 €/m²
7.40 €/m²
tended to be slightly above the 2012 levels. The vacancy
Periphery average rent
Source: gif / bulwiengesa / In-house research
quota rose slightly from 4.6 percent (2012) to 5.1 percent.
13
Source: Stadt Heidelberg
A new large scale
project near the
Heidelberg Main
Station: The Campus
of the F&U Group of
Companies
Office Market Heidelberg
Thanks to the Bahnstadt Heidelberg development project
57.2 percent. After the vacancy quota has increased to 6
and the conversion of the town’s former military proper-
percent between 2011 and 2012, the level dropped slightly
ties, the town on the Neckar River will be engaged in one of
in 2013 to 5.9 percent.
Germany’s largest urban development projects for the next
several years. A total of 16.5 hectares of commercial space
The classic city periphery price disparities do not apply to
in the proximity of downtown built to passive solar home
Heidelberg. The newly built rental properties outside of the
standards attest to the high quality of the urban develop-
historic Old Town city center attained – at the end of 2013
ment. Now that the distinct Skylab building by the Main
– the highest prices of up to 14.50 Euro per square meter.
Station has been leased to tenants, the 15-theater “Luxor
Hence, the peak price level moved from the downtown area
Filmpalast” and the office complex “Stadttor,” which boast
to the periphery, mostly alongside the Kurfürstenanlage.
a total of 10,000 square meters of floor space, have been
added as the latest construction developments in the
commercial segment. In addition, the completion of the
COLOURS Building, which comprises close to 8,000 square
meters designed for offices and retail stores by the end of
2015, will help accelerate the Bahnstadt development.
The City of Heidelberg is converting vacated military properties for vast city expansions at five locations that offer a total
space of 180 hectares. The concrete plans have progressed
to varying levels. The space of the Patton Barracks, which
Office Market Indices in Heidelberg
2013
2012
comprises 14.8 hectares, is currently a good option for
Indices
Existing space
Trend 2014
0,935 mn. m²
0,93 mn. m²
commercial use and is located south of the Bahnstadt on
Space revenue
52.200 m²
33.000 m²
the Speyerer Straße.
Vacancy rate
Downtown peak rent
5,90%
6,00%
13,90 €/m²
14,60 €/m²
Over the past two years, the available existing office space
11,90 €/m²
12,80 €/m²
has increased by 3.9 percent and totaled about 935,000
14,50 €/m²
12,50 €/m²
square meters at the end of 2013. The successful lease
12,70 €/m²
10,70 €/m²
of the Skylabs building pushed sales last year to 52,000
Periphery peak rent
12,00 €/m²
10,50 €/m²
square meters, which was likely record-breaking. This was
10,40 €/m²
9,50 €/m²
the equivalent of an increase compared to the year prior by
14
Source: W.E.G. Ludwigshafen
Prego Services
expanded its presence at the RhineNeckar Data Center
in Ludwigshafen
Office Market Ludwigshafen
In recent years, the town has conquered the attractive loca-
years’ maximum of nine Euros per square meter. The same
tions on the banks of the Rhine River: the Rhein Galerie
rent levels are anticipated for 2014.
shopping mall opened, the Rhine River Banks Promenade
was given a facelift and other improvements in the public
On the south side of the Rhine River banks, the completion
areas have introduced significant positive accents in the
of the BASF office complex (38,000 square meters gross
downtown area and have therefore also boosted the attrac-
floor space) in autumn 2014 will conclude the series of new
tiveness for corporations.
construction projects in the commercial sector for the time
Compared to other sites in the region, the revenues of
nology Mile, a Prego Services building that will result in the
44,100 square meters remain rather low. The vacancy rate
creation of about 250 jobs, can be added to the investments
of 4.8 percent, though, is the lowest among the three large
made in the urban terrain in 2014.
being. An additional new construction project in the Tech-
cities of the Rhine-Neckar Region, so that market participants rate the overall developments in Ludwigshafen on the
Rhine positively.
The dynamic developments of the city are also evident in the
fact that additional cranes have been set up. By the end of
For the first time in two years, the peak rents, which average
2014, the demolition of the BASF Engelhorn Tower will be
9.60 Euro per square meter, have exceeded the previous
complete. The newly built complex that will be erected in
its place on the same land parcel will accommodate at least
600 employees on 20 floors. The construction is anticipated
Office Market Indices in Ludwigshafen
Indices
Trend 2014
to begin in 2016 at the earliest.
2013
2012
Existing space
0.826 mn. m2
0.85 mn. m2
Space revenue
2
2
44,100 m
5,000 m
The urban conversion project “City West” will also introduce new highlights. The demolition of the Hochstraße,
4.80 %
4.70 %
which will subsequently be ready for refurbishment, will be
Downtown peak rent
9.60 €/m²
9.00 €/m²
a simultaneous challenge and opportunity (“room for new
8.40 €/m²
7.80 €/m²
urban development ideas”). In the years to come, plans for
7.00 €/m²
9.20 €/m²
new office locations can also be expected for the interface
6.60 €/m²
6.60 €/m²
between the City am Rhein and the college site, alongside
Periphery peak rent
8.50 €/m²
8.10 €/m²
the Technology Mile in the southwest of the city.
6.80 €/m²
6.50 €/m²
Vacancy rate
15
Source: MRN GmbH
Mannheim’s new multi-functional
quarter in squares Q6 Q7: The
foundation stone was laid down
in April 2014
16
Market Segment Retail
The general economic conditions for retail remain posi-
This trend has also been evident in the large cities in the
tive. The solid job market and the low inflation rate
Rhine-Neckar Region in recent years; however, in 2014, the
both helped increase consumption. This is reflected in
number of pedestrians in 1a locations in Mannheim, Heidel-
the GfK Consumer Spending Index, which reached its
berg and Ludwigshafen has once gain been on the upswing.
highest level, i.e. 8.9 points, since December 2006 in
August 2014.
The Rhein-Neckar business region distinguishes itself from
For brick and mortar retail stores the constant increase of
towns offer a very diverse range of retail stores. Besides the
others thanks to the fact that its largest and medium sized
online sales does pose a central challenge. Its dynamics
three metropolises – Mannheim, Heidelberg and Ludwigs-
continue to be very positive. According to the forecast of
hafen – it is primarily the smaller medium-sized towns,
the Federal Association E-Commerce and Mail Order Sales,
including Schwetzingen, Viernheim, Hockenheim, Mosbach
the merchandise revenues online in 2014 will increase by
and Landau that boast centrality indices that are higher than
25 percent to 48.8 billion Euro. Especially in merchandise
150. The current and planned developments will continue to
segment books and entertainment electronics, changes are
strengthen and expand the retail store offerings in the smaller
becoming evident as a result. The sales spaces of brick and
towns.
mortar businesses in this segment are declining. At the same
time, an increasing number of retailers are betting on multi-
Sports products retailer Decathlon opened a third branch in
channel or cross-channel approaches. According to the latest
Rhineland-Palatinate at the end of 2013 in Neustadt an der
HDE Economic Survey, about 44 percent of the retailers
Weinstraße. It boasts 2,500 square meters of floor space.
interviewed anticipate increasing sales for 2014.
As a result, the diverse range of products already available
through the specialty retailers cluster “Chemnitzer Straße”
According to the survey, another key topic among retailers
received yet another upgrade.
besides online sales is the decline of the attractiveness of
downtown areas. Both lead to dropping customer volumes in
In the aftermath of the Praktiker DIY store bankruptcy, the
the streets where clusters of retailers can be found.
property in Frankenthal was acquired by DIY chain Toom.
Pedestrian volumes in 1a locations
Retail property peak rent development
10.000
9.000
160,00
Pedestrians/h
in €/m²/month
+ 23,1 %
140,00
8.000
120,00
+ 14,3 %
7.000
100,00
6.000
80,00
5.000
4.000
+ 15,5 %
60,00
3.000
40,00
2.000
Mannheim, Planken
2011
-33,3 %
20,00
1.000
2012
Heidelberg, Hauptstr. Ludwigshafen, Bismarckstr.
2013
2014
Source: In-house research MRN based on data by Jones Lang LaSalle
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Mannheim
Heidelberg
Ludwigshafen
Average Germany
Source: In-house research MRN based on data by Jones Lang LaSalle
17
furniture outlet boasting 19,000 square meters of floor space.
Retail indices in the key centers in the Rhine-Neckar
Metropolitan Region
Ehrmann/Gilb now operates four brick and mortar stores with
Municipality
Regional furniture distributor Ehrmann also invested in a new
Population
Purchase
power index
Sales
index
Centrality
index
Mannheim
294,627
Ludwigshafen am Rhein
160,179
100.76
143.7
142.61
94.7
108.89
Heidelberg
114.98
150,335
101.03
122.42
121.17
Worms
79,727
100.12
123.03
122.88
Neustadt an der Weinstraße
52,268
109.15
129.09
118.27
Speyer
49,764
106.66
143.04
134.1
a total of 80,000 square meters of exhibition space and is
therefore one of Palatinate’s leading furniture stores.
Construction of the new specialty retailer center has begun on
the former freight railway terminal in Bensheim. The shopping
center, which will offer stores by Edeka, Takko and Deichmann,
is slated to celebrate its grand opening of 8,500 square meters
of sales space in July 2015.
In Heidelberg’s immediate vicinity, in the Town of Eppelheim,
Frankenthal (Palatinate)
47,035
101.97
84.59
82.95
Landau
43,641
102.06
154.09
150.97
Weinheim
43,315
118.99
132.28
111.16
96.01
Bensheim
39,395
112.05
107.58
a building permit has been issued for the construction of a
Sinsheim
34,791
100.17
98.14
97.97
neighborhood specialty retail center boasting 3,200 square
Viernheim
32,851
101.21
219.55
216.92
meters of floor space on the former printing company prem-
Lampertheim
31,358
105.31
77.81
73.88
ises. Possible tenants of the property built by the Inwo Projekt-
Leimen
25,581
98.5
54.78
55.62
gesellschaft are Netto, Das Futterhaus, Quick Schuh and AWG.
Wiesloch
25,135
106.65
89.78
84.18
116.53
Heppenheim (Bergstraße)
24,968
105.91
123.42
In Weinheim’s “Bergstraße", where a cluster of retailers are
Mosbach
22,913
98.17
159.04
162
going to set up shop, construction is progressing well. Besides
Schwetzingen
21,194
111.28
242.96
218.32
the stores who are already open – Obi and Roller – Matratzen
Hockenheim
20,874
104.97
184,87
176.11
Concord and Burger King have recently opened their doors.
Germersheim
20,019
82.67
109.83
132.86
Moreover, the completion of additional construction phases is
Hassloch
19,854
99.99
87.26
87.26
imminent this year, which will result in the availability of 6,200
Schifferstadt
19,011
103.65
63.75
61.51
additional square meters of sales space. One tenant who is
Bad Dürkheim
18,222
108.56
105.07
96.78
already confirmed is PLANA Küchenland.
Buchen (Odenwald)
17,614
94.89
132.3
139.42
In Germersheim, the concentration of retailers will continue to
Index German average = 100; sources: GfK (indices status 2014); State Statistics Offices
(Population Count as of 1/1/2013 based on the 2011 Census).
evolve at the “Stadtkaserne Shopping Center.” Based on the
provisions in the zoning plan, 12,000 square meters have been
approved as the maximum total sales space. No information
on the concrete tenant structures is available at this time.
Source: Procom Invest GmbH & Co. KG
The new retail store
center in Bensheim on
the terrain of the former
freight railway depot
18
Source: Daniel Lukac
Shopping magnet in the
Rhine-Neckar Region:
Mannheim’s Planken
Retail Destination
Mannheim
Downtown Mannheim is one of Germany’s most popular
Heimtex in Q7. Also new: the Coffee World by Nespresso in
shopping destinations. It ranked 9th among 60 shopping
the Engelhardt House.
towns depicted in the Comfort City Ranking 2014 announced
in conjunction with the High Streets Report. The peak rents
The largest project in downtown Mannheim is Diringer &
for retail stores in its 1a locations have developed positively in
Scheidel's’ “Q6 Q7” (see also Page 16). Besides a Radisson
recent years and to date have reached a level of 160 Euro per
Blu Hotel boasting 225 rooms, it has brought Fitness First
square meter.
on board as a tenant. By autumn 2016 the City Quarter will
also offer rental apartments as well as retail store, office and
The flourishing retail landscape of Mannheim is being further
professional practice space. At this time, department store
upgraded through the attraction of new stores who move
Engelhorn is expanding its flagship property in O5 by adding
in while many construction activities are continuing. In the
two more floors. Besides the expansion of its sales floor
fashion segment, Peerless has opened a new store in P6
space, a fine dining restaurant has already opened.
and Mango celebrated a grand opening in O6. Additional
new stores are the Müller drugstore in P3, shoe store Gero in
The demolition of the former Bank Palais, which is being
P7, Thomas Sabo in P7, Galerie Lumas in N6 as well as Dörr
funded by investor LBBW Immobilien development GmbH is
underway in Square O4. The horizon for completion is spring
2015. On 2,400 square meters, the property’s first two floors
Mannheim’s 1a locations
will remain and be converted into retail space. At the end of
October, sports and athletic equipment retailer Decathlon will
open a 4,000 square meter store in T1. This is the first sales
concept of this kind opened by the retailer in a downtown area.
In addition to these private investments, another large scale
public project is about to be implemented in Mannheim’s
downtown. The Planken conversion is slated to be implemented in 2017 and 2018 after two prior delays and will
consume an investment volume of 20 million Euro.
Retail indices in Mannheim
Mannheim, Planken
GER overall
Peak rent 2014 (ranking)
160 €/m² (11*)
63.55 €/m
Development 2004-2014
23.10 %
15.50 %
Pedestrian frequency 2014 (ranking)
Percentage of chain store operations
80.00 %
Source: GfK; Cartography: VRRN
Legend
Pedestrian zone
6,415 (35**)
1a-location
100 m
Source: Jones Lang LaSalle (*based on 183 shopping streets analyzed in Germany, **
ranking among 170 shopping streets analyzed in Germany).
19
A traditional 1a location in
Heidelberg: the “Hauptstraße”
(Main Street) offers a
unique flair of shopping and
entertainment
Retail Destination
Heidelberg
Heidelberg’s charming Old Town attracts with its main shop-
(Old Indoor Pool; Bergheim District) went through a few
ping mile, which actually stretches across a length of 1.6
changes.
kilometers, making it one of Germany’s longest pedestrian
outdoor malls. Peak rents have remained stable on last year’s
The dining options at this location have been updated and the
level of 120 Euro per square meter. The City of Heidelberg
focus is now on “lifestyle-oriented retail and gourmet foods.”
enjoys a significant amount of incoming spending power and
Sporting goods retailer Planet Sports opened a 500-square-
has a centrality rating of 121.
meter store in the Hauptstraße. Thanks to these new
entrants, the industry mix has remained stable and at a solid
A few new stores opened in the university town this
level, so that even towards the end of the Hauptstraße shop-
year. Besides shoe retailer Gabor, the furniture and inte-
pers will find interesting stores to browse in.
rior design store chain NANU-NANA celebrated the grand
opening of a new Hauptstraße store as well. Shirt designer
The development of the Wormser Hof also has the potential
Olymp actually opened its first store outside of a shopping
to make contributions to this evolution. As part of the conver-
center in downtown Heidelberg (also in the Hauptstraße).
sion, it will be necessary to tear down some of the historic
The “Markthalle” (Market Hall) in the “Altes Hallenbad”
building, given that its prior partial use as a movie theater
mandates structural modifications. Overall, the project will
result in the creation of retail space (2,500 square meters of
Heidelberg’s 1a locations
sales space) as well as service, cultural and residential real
estate.
A conversion process was initiated to further develop the
Hauptstraße. Its attractiveness has been further enhanced
thanks to the addition of new outdoor furniture, green spaces
and the installation of bicycle stands. A new lighting concept
has also introduced cheerful accents. The key activities
aiming at improving the beauty of downtown to beckon visitors to linger have now been completed.
Retail indices in Heidelberg
Legend
Pedestrian zone
20
1a-location
100 m
Percentage of branch operations 2013
Heidelberg, Hauptstraße
GER overall
120 €/m² (16*)
63.55 €/m²
14.30 %
15.50 %
6,065 (38**)
74.30 %
Source: Jones Lang LaSalle (*based on 183 shopping streets analyzed in
Germany, ** ranking among 170 shopping streets analyzed in Germany).
A supra-regional point of attraction:
The Rhein-Galerie in Ludwigshafen
Retail Destination
Ludwigshafen
Ludwigshafen’s shopping venues stretch from the Rathaus-
Rhein-Galerie. The former Palmers space will be occupied by
Center to Bismarckstraße and Bahnhofstraße and then to
Thomas Sabo, and the streetwear distributor Snipes will soon
the Rhein-Galerie, as well as from Ludwigstraße to Berliner
open a new store in the mall.
Platz. Compared to last year, peak rents may have declined
somewhat, but the numbers of pedestrians frequenting the
To make itself more attractive for visitors and shoppers, the
1a shopping mile – the Bismarckstraße – has increased.
City of Ludwigshafen is currently investing 2 million Euro
into the remodeling of the downtown squares Bürgerhof,
A few new developments were completed downtown
Theaterplatz, Rathausplatz and the Rhine Promenade. More-
this year. The reconstruction of the Bismarck Center has
over, “Downtown Management” – a joint undertaking of the
been finalized. The former market hall has been turned into
CIMA and GIU offices commissioned by the City – began
numerous attractive stores. Drugstore chain Rossmann
in March 2014. In coordination with real estate owners and
has opened a new store, the Penny supermarket has been
tenants, the inner city concept made substantial progress.
expanded; fitness center XFit and mobile phone service
Location profiles are being used as visions to bring clarity into
provider O2 are soon expected to celebrate grand open-
the promotion of downtown locales and their development,
ings. Point-by-point changes have been implemented in the
manage vacant properties, support the development of real
estate in the respective profiles and designate some parts of
the space, which was previously being used strictly for retail,
for different uses.
Ludwigshafen’s 1a locations
The architecture downtown will see significant changes soon.
The so-called “Cake Box” – a former Kaufhof department
store complex – located on the Berliner Platz, the central
regional public transportation hub used by about 45,000
passengers daily, was sold in 2013 and is scheduled for
demolition in early 2015. In the place occupied by the round
tower built in the 1950s, Timon Bauregie will erect a sophisticated modern complex that will accommodate retail stores,
offices and apartments.
Retail indices in Ludwigshafen
Legend
Pedestrian zone
1a-location
100 m
Percentage of branch operations 2013
Ludwigshafen, Bismarckstr.
GER overall
20 €/m² (169*)
63.55 €/m²
-33.30 %
15.50 %
1,575 (152**)
32.50 %
Source: Jones Lang LaSalle (*based on 183 shopping streets analyzed in
Germany, ** ranking among 170 shopping streets analyzed in Germany).
21
Source: WFG Frankenthal
Shopping fun in Frankenthal:
the Speyerer Straße
Retail Destination
Frankenthal
As a town of 47,000 residents, Frankenthal is actually growing
A distinct hallmark of the retail structure is that it comprises a
and is considered a medium sized towns in this part of the
mix of long established and owner managed speciality stores
Palatinate. It is close to the region’s largest cities – Ludwig-
and a variety of chain stores. The stores themselves are
shafen and Mannheim. Although its centrality index is lower
smallish to medium-sized boasting up to 250 square meters
than the average, Frankenthal remains an attractive retail loca-
of floor space. A traditional department store is located in the
tion for a wide range of sectors. The expansion of the S-Bahn
downtown area.
(regional train) network on the Ludwigshafen-Mannheim line
as of 2015 will likely introduce further positive effects. More-
The slogan “FT – Freunde treffen” (FT the license plate abbre-
over, the fact that furniture retailer Ehrmann, a company that
viation for Frankenthal) – Where you meet friends) describes
is popular and renowned in the Palatinate Region, opened
Frankthal’s charm perfectly. The very personal and relaxed
a close to 19,000 square meter large store here in October
congenial atmosphere of the buildings nestled between the
2013, did have a positive impact and has made Frankenthal a
historic city gates in the north and south make downtown a
more popular shopping destination in the region.
great place to be. It is also the heart of the town’s cultural,
social, shopping and communal activities. The north-southaxis of the town more or less designates the 1a locations of
Frankenthal’s 1a locations
this retail destination: the Speyerer Straße and the Wormser
Straße attract the highest shopper frequencies, trailed by the
Bahnhofstraße, which runs to the west and connects the
railway station to downtown.
Among the large chain stores in the downtown area are C&A,
Deichmann, drugstore chains Müller and dm, Parfümerie
Douglas and small fashion label stores, such as engbers,
Gerry Weber, Taifun, Bonita or Gina Laura. The retail mix is
further complemented by the old-timey owner operated retail
stores that still exist here.
In the near future, important projects for downtown in terms
of urban development as well as ease of accessibility and
availability of merchandise will be the impending conversion
of the square in front of the railway station and the opening of
a mass merchandiser on the periphery of downtown, which
will go hand in hand with improvements in all of the surrounSource: WFG Frankenthal; Cartography: VRRN
Legend
Pedestrian zone
22
1a-location
100 m
ding areas.
Source: Landratsamt Rhein-Neckar-Kreis
Market Segment
Commercial Land Parcels
The industrial parks of the Rhine-Neckar Metropolitan Region enjoy optimum
transportation connections thanks to the dense network of interstates.
Rapid access to customers and suppliers is guaranteed virtually anywhere.
As a result, the entire region is an attractive business location – not only for
logistics companies.
The largest investment in
company history: The Deutsche
Si-Si-Werke GmbH (Capri-Sun
juice manufacturer) is
expanding its Eppelheim
headquarters
23
Source: Porsche Zentrum Mannheim
The new
Porsche Center
in MannheimFriedrichsfeld
opened in April 2014
The Rhine-Neckar Region offers companies in all industries
The investment activities in the production and logistics
excellent investment opportunities. Some of the advan-
sectors have dropped slightly below those of last year.
tages of setting up operations here are the central location
Overall, about EUR 1.3 billion have been committed to 20
in Europe, the availability of vast space reserves to new busi-
known projects for the coming years. About one billion
nesses who move into the region or are planning to expand,
Euros will be invested into the construction of a TDI facility
the highly efficient infrastructure as well as the presence
by BASF at its Ludwigshafen location, which is slated to be
of several head offices of large corporations representing a
completed before the end of 2014.
variety of sustainable sectors (see also Page 5).
Three large scale projects were rolled out back in April and
Based on a survey of municipalities and counties, 30 indus-
May 2014 in Mannheim and have celebrated their grand
trial parks offering 9.35 billion square meters of space were
openings: the new Porsche Center, the Mercedes-Benz
analyzed for this 2014 Real Estate Market Report. Of this
Commercial Vehicles Center and the corporate headquarters
space, about 30 percent (2.6 million square meters) are still
of Karl Berrang GmbH. Hence, the marketing and construc-
vacant lots and available at short notice.
tion activities for the industrial park Friedrichsfeld-West in
Mannheim with its barely 40 hectares have virtually been
The purchase prices for fully developed commercial land
concluded. In just three years about 700 jobs were created
parcels are contingent upon their locations and range
in this area.
from 110 to 200 Euros per square meter in the center of
the densely populated part of the Rhine-Neckar Region;
For more information on the industrial parks in the Rhine-
however, prices of up to 250 Euro are attainable. In the
Neckar Region, please visit the site portal (www.stand-
suburban areas, prices negotiated range from 80 to 100
orte-rhein-neckar.de) and check the websites and other
Euros per square meter. On the periphery – where some
publications of the individual municipalities and counties.
properties have excellent transportation connections – they
average about 50 Euros per square meter.
Most important investments made into manufacturing and logistics properties
No. in City
map
Type of location
Investor/operator
Investment
volume
Land parcel
size
Jobs
Time table
1
Ludwigshafen
Manufacturing
BASF
1 bn. €
30,000 m2
200
2
Neustadt
Branch
Motoren Baader
7 mn. €
24,000 m2
60
3
Neustadt
Manufacturing
ATEC Autotechnik
4.5 mn. €
14,400 m2
30
4
Speyer
Logistics Center
Daimler
n.a.
238,000 m2
400 – 600
Construction started in 2014
5
Landau
Manufacturing
Ronal
1.5 mn. €
84,000 m2
730
6
Landau
Logistics Center
Schramm
7 mn. €
36,000 m2
30
7
Landau
Manufacturing
Eberspächer Controls
9 mn. €
12,000 m2
250
24
No. in City
map
8
Groß-Rohrheim
Map Overview Investment Projects and
Industrial Parks in the Rhine-Neckar Region
Type of location
Investor/operator
Investment
volume
Land parcel
size
Jobs
Time table
Corporate Headquarters
Fenster Jäger
7 mn. €
7,000 m2
30
9
Lorsch
Logistics Center
Alnatura
15 mn. €
9,000 m
n.a.
10
Lorsch
Manufacturing
Prisman
n.a.
4,000 m2
85
11
Lindenfels
Manufacturing
Kopp-Schleiftechnik
n.a.
10,000 m2
40
Construction began in 2014
12
Weinheim
Manufacturing
Freudenberg Group
10 mn. €
n.a.
n.a.
13
Heddesheim
Warehouse
Edeka Südwest
50 mn. €
26,000 m2
250
2
Mannheim
Commercial Vehicles
Mercedes-Benz
19 mn. €
43,300 m2
120
Completed in 2014
15
Mannheim
Branch
Porsche
13 mn. €
20,000 m2
n.a.
Completed in 2014
16
Mannheim
Corporate headquarters
Berrang
20 mn. €
52,000 m2
170
Completed in 2014
17
Eppelheim
Manufacturing
Deutsche Si-Si-Werke
70 mn. €
70,000 m2
70
18
Wiesloch
Logistics Center
REWE Group
23 mn. €
n.a.
n.a.
110
5
Leimen
Logistics Center
Deutsche Post DHL
9 mn. €
16,800 m
20
Buchen
Manufacturing
Merklinger
1.3 mn. €
6,800 m2
2
11
1
17
10
14
19
16
8
9
18
29
3
19
12
Source: In-house survey, status 30th September 2014
2
1
13
Select industrial parks in the Rhine-Neckar Metropolitan Region
No. in Municipality Name
map
28 20
5
Name of the industrial park
Zoning
Total space
law / type
Still
available
Available lot
sizes
Guideline value
Purchase
price
20
4
6
14
1
Worms
Worms-Rheindürkheim
GE/GI
1,000,000 m²
80,000 m²
1,000-35,000 m²
55-85 €/m²
85 €/m²
2
Hettenleidelheim
Gewerbepark
GE/GI
50,000 m²
16,000 m²
2,000-4,000 m²
40 €/m² (2014)
19-40 €/m²
3
Bobenheim-Roxheim
Auf dem Wörth
GE
80,000 m²
70,000 m²
1,500-68,000 m²
75 €/m² (2008)
85 €/m²
4
Bad Dürkheim
Bruch
GE
106,500 m²
20,000 m²
2,200-13,000 m²
70 €/m² (2008)
81 €/m²
5
Frankenthal (Pfalz)
Am Römig
GI
400,000 m²
200,000 m²
20,000-200,000 m²
n.a.
110-115 €/m²
6
Ludwigshafen
Technologiemeile
GE
117,000 m²
10,143 m²
2,818-4,152 m²
110 €/m²
n.a.
7
Haßloch
Nördlich des Bahndamms
GE
154,933 m²
108,844 m²
1,000-60,000 m²
70 €/m² (2014)
75 €/m²
8
Neustadt
Naulott
GE
150,000 m²
60,715 m²
1,147-14,500 m²
55-90 €/m²
48-100 €/m²
9
Edenkoben
Edenkoben-Venningen
GE/GI
150,000 m²
70,000 m²
1,500-20,000 m²
n.a.
59 €/m²
10
Speyer
Parkstadt am Rhein
GI
1,000,000 m²
132,000 m²
7,000-62,000 m²
55 €/m² (2014)
42-80 €/m²
11
Germersheim
Wörth-West
GE/GI
492,800 m²
86,000 m²
3,200-50,000 m²
n.a.
75-125 €/m²
12
Offenbach
Interpark Rheinpfalz
GI
715,000 m²
70,000 m²
1,000-25,000 m²
n.a.
60 €/m²
13
Landau (Pfalz)
Am Messegelände
GE
620,000 m²
83,000 m²
1,000-36,500 m²
n.a.
73-81 €/m²
14
Herxheim
Gewerbepark West 2
GE/GI
80,000 m²
60,000 m²
1,000-20,000 m²
n.a.
59 €/m²
15
Rülzheim
Nord
GE/GI
101,200 m²
30,200 m²
800-11,000 m²
n.a.
65 €/m²
16
Groß-Rohrheim
Am Entenweg
GE/GI
150,000 m²
130,000 m²
10,000-90,000 m²
n.a.
n.a.
17
Bensheim
Stubenwald
GE
122,000 m²
122,000 m²
5,000-48,000 m²
n.a.
n.a.
18
Heppenheim
Gewerbegebiet Süd
GE
230,000 m²
230,000 m²
from 2,000 m²
n.a.
n.a.
19
Weinheim
Technologie- und Industriepark
GE/GI
871,000 m²
120,000 m²
2,000-28,000 m²
150 €/m² (2013)
from 152 €/m²
20
Mannheim
Eastsite
GE
65,120 m²
22,410 m²
3,000-13,850 m²
205 €/m² (2010)
205 €/m²
21
Brühl
Schütte-Lanz-Fläche
GE
65,000 m²
65,000 m²
from 2,000 m²
n.a.
n.a.
22
Schwetzingen-Plankstadt A Real! Plankstadt
GE
100,000 m²
77,500 m²
1,500-65,000 m²
145 €/m² (2012)
120 €/m²
23
Heidelberg
Pfaffengrund
GI
880,000 m²
52,000 m²
1,500-15,000 m²
200 €/m² (2013)
150-250 €/m²
24
Neulußheim
B36
GE
200,000 m²
200,000 m²
n.a.
n.a.
40-100 €/m²
25
Wiesloch-Walldorf
Metropolpark
GE/GI
50,000 m²
40,000 m²
1,500-20,000 m²
n.a.
n.a.
26
Sinsheim
Gewerbe- u. Industriegebiet Süd
GI
254,325 m²
151,979 m²
18,849-56,566 m²
80 €/m²
27
Obrigheim
TECH-N-O
GE/GI
160,000 m²
100,000 m²
from 1,600 m²
40.90 €/m² (2008)
28
Buchen
IGO
GE/GI
400,000 m²
100,000 m²
1,000-35,000 m²
29
GVV Hardheim-Walldürn
VIP Walldürn
GE/GI
250,000 m²
90,000 m²
500-45,000 m²
30
Osterburken
RIO
GE/GI
330,000 m²
77,200 m²
from 1,500 m²
25 €/m² (2013)
25 €/m²
15
16
30
21
23
22
17
7
18
8
4
2
27
3
10
9
24
25
19
Legend
11
26
5
6
12
7
Select industrial parks and
investments
Transportation routes
Interstate with number
0
Industrial park and number
(Table on Page 25)
Federal route
0
IInvestment and number
(Table on 24/25)
Airport
Railway line
13
15
Port
14
Towns
Borders
Settled area
National border
Population 100,000 and more
State line
n.a.
Population 50,000 – 100,000
County line
41 €/m²
Population 25,000 – 50,000
42.50 €/m²
42,50-100 €/m²
Population 10,000 – 25,000
25 €/m² (2010)
25 €/m²
Source: In-house survey, status 30th September 2014
25
Population count as of 30/06/2014 based on the 2011 Census.
Source: State Statistics Office, in-house research amended based on GeoBasis data:
© GeoBasis DE/BKG 2013, Cartography: VRN
Glossary
Legal/Contact Information
Yours to
be discovered!
Market Segment Office
Downtown
City proximity
Best office location of the respective town.
Locations that are directly adjacent to the (office) downtown area locations.
Periphery
All office locations that are not categorized as downtown or city proximate locations.
Peak rent
Top price segment (5 %) across all leases newly executed in 2013 (in accordance with the “Definitionssammlung zum Büromarkt” (Collection of Definitions
in Reference to the Office Market) published by the gif, Gesellschaft für Immobilienwirtschaftliche Forschung e. V., 2nd Edition, June 2008). All rents
stated are nominal rent prices for market compatible office space, i.e. rent according to lease agreement (excluding taxes, incentives and utilities).
Average rent
Existing space
Space revenues
Vacancy rate
MF/gif space definition
Profi ts
Average rent paid based on all leases newly executed in 2013 (in accordance with the “Definitionssammlung zum Büromarkt” (Collection of Definitions in
Reference to the Office Market) published by the gif, Gesellschaft für Immobilienwirtschaftliche Forschung e. V., 2nd Edition, June 2008). All rents stated
are nominal rent prices for market compatible office space, i.e. rent according to lease agreement (excluding taxes, incentives and utilities).
Total space of completed office space available (in use or vacant) in the entire town limits on 31/12/2013 (in accordance with the “Definitionssammlung
zum Büromarkt” (Collection of Definitions in Reference to the Office Market) published by the gif, Gesellschaft für Immobilienwirtschaftliche Forschung e.
V., 2nd Edition, June 2008).
Total office space rented, leased or sold to an owner-user within the entire town limits over the course of 2013, including sub-leases (in accordance
with the “Definitionssammlung zum Büromarkt” (Collection of Definitions in Reference to the Office Market) published by the gif, Gesellschaft für
Immobilienwirtschaftliche Forschung e. V., 2nd Edition, June 2008).
Publisher:
Overall Coordination & Research:
Concept and Design:
Metropolregion Rhein-Neckar GmbH
Klemens Gröger, Kevin Schmich
Publik. Agentur für Kommunikation GmbH
Location Marketing /
Tel. 0621 129 87-0
Ludwigshafen I Frankfurt (Main)
Business Support
Fax 0621 129 87-52
www.agentur-publik.de
N 7, 5-6, 68161 Mannheim
info@m-r-n.com
www.m-r-n.com
www.standorte-rhein-neckar.de
abcdruck GmbH, Heidelberg
Verband Region Rhein-Neckar
Cartography:
P7, 20-21, 68161 Mannheim
Uwe Hein, Olga Kahnert,
Copyright Fee:
www.vrrn.de
Nadine Kastner
Available as a complimentary pdf down-
Focus
rsion
Conve
load and in a print version subject to a
Percentage of all unused completed office space offered for sale, lease or sub-leasing within the entire town limits as of 31/12/2013 and which are ready
for move-in within a period of three months.
All space information provided in Chapter Office Market are leased spaces as defined by gif. They refer to the “Richtlinie zur Berechnung der Mietfläche
für gewerblichen Raum (MF-G)” (Guideline for the Computation of Leased Space for Commercial Spaces (MF-G) published by the Gesellschaft für
Immobilienwirtschaftliche Forschung e. V. (latest version of May 2012). As a rule, the leased spaced according to gif is less than the gross floor space
amount (BGF) pursuant to DIN 277, given that for instance, traffic / transportation areas are not included in the computation. For this Report, the basis
used, according to the recommendations made by bulwiengesa AG was a conversion factor gif/BGF of 0.8.
Printer:
copyright fee of 30 € for up to 5 copies
Research Partners:
Average starting profi ts generated by market compatible office properties with good leasing statuses, i.e. average annual net rent income in 2013
compared to purchase price (pursuant to the recommendations made by the gif- Gesellschaft für Immobilienwirtschaftliche Forschung e. V.).
Market Segment Retail
1a location
Part of downtown that enjoys the highest pedestrian volumes and the densest installation of large scale operations that draw shoppers like magnets and
that have supra-regional store operations.
Peak rent
Rent paid per square meter in EUR when space is newly leased based on a 100 square meter single floor sales floor in a 1a location with a 6 meter display
front (definition Jones Lang LaSalle).
Gewerbeimmobilien
Percentage of branch operation Percentage of branch operations with nationwide business activity in the total local retail trade.
Pedestrian volume
Purchasing power index
Sales index
Centrality index
Number of pedestrians passing by per hour, based on a specific counting location in the pedestrian zone on a survey date that is used uniformly across all
of Germany: 29th March 2014, 1:00 – 2:00 pm (according to Jones Lang LaSalle).
Index per resident, based on the nationwide average in all of Germany (index = 100). Example: an index of 110 means that the residents in this town have a
purchase power that is 10 % higher than the nationwide average in Germany (GfK definition).
Index per resident, based on the nationwide average in all of Germany (index = 100). Example: an index of 110 means that this town generates 10 % more
revenues/sales than the nationwide average in Germany (GfK definition).
Index, based on the nationwide average in all of Germany (index = 100). Example: an index of 110 means that this town, compared to the nationwide
average, offers 10 % more bound purchase power and centrality in retail (GfK definition).
Market Segment Commercial Land Parcels
Guideline value
Zoning type
Average land value for a territory that has similar uses and value conditions. The guideline value provides the value per square meter of land for a factual
land parcel that the represents the typical location properties of the affected territory.
Sponsors:
Type of structural land use according to the German Construction Land Usage Act (Baunutzungsverordnung = BauNVO). Abbreviations: GE = commercial
land, GEe = commercial land for restricted uses, GI = industrial park, GIe = industrial park for restricted uses.
www.m-r-n.com
Metropolregion Rhein-Neckar GmbH
Location Marketing / Business Support
N7, 5-6, 68161 Mannheim
Tel. 0621 129 87-0
Fax 0621 129 87-52
info@m-r-n.com
www.m-r-n.com
Legal Information and Liability Disclaimer
28
Any publication, duplication and any sharing of this Report, even of parts thereof, shall be subject to the prior written consent of the Metropolregion
Rhein-Neckar GmbH. The estimates and assessments provided in this Report shall be subject to the following reservations: We shall not assume
any liability for losses, costs or other damages resulting from the utilization of the information published herein. The information provided is based on
sources we consider reliable. However, we are in no position to guarantee that this information is correct and complete. The assessments made are
based on the status of the information we had at the time of our editorial deadline (30th August 2014). The actual developments may differ significantly
from the forecasts and projections as well as expectations expressed in this Report. The Publishers shall not assume any responsibility for the making
of updates to the statements made. The information contained herein is provided for the sole purpose of sharing generally informative material and is
not suitable as a substitute for professional consultations and
29
Real Estate Market Report 2014
Rhine-Neckar Metropolitan Region

Real Estate Market Report 2014 Rhine

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