Fox Real Estate has established a subsidiary for the independent development of logistics real estate. This company, named Fox Industrial Real Estate, is to draw on the expertise and network of the Fox Group, the Hamburg-based company announced in a press release on September 9.
Fox Industrial Real Estate is led by Sascha Petersmann (54), an industry veteran who has accumulated 18 years of experience in logistics real estate development. After ten years at Prologis, from 2017 he served as Head of Germany and
was responsible for the German business of the European logistics real estate developer Baytree Logistics Properties, the logistics project development arm of AXA Investment Managers, and established the company in the German market.
“Through the integration of Fox Industrial Real Estate into the Fox Group, we create synergies with established structures and a team with strong logistics real estate expertise,” said Jörn Reinecke, founder and managing director of the Fox Group. “At the core, we rely on our transaction reliability in acquiring good sites,
win-win concepts for municipalities, users and owners, as well as the development of high-quality and sustainable properties in attractive locations.”
The existing joint venture DFI Real Estate will remain in place.
Fox Industrial Real Estate is engaged in the development of brownfield and greenfield sites – both with and without a development plan – and delivers projects as built-to-suit or speculative. The aim is to create big-box logistics properties, light-industrial facilities and business parks that meet high sustainability standards and innovation requirements. Land should
be acquired in Germany’s top-seven economic locations from two hectares and in further attractive locations from four hectares. The first acquisition is imminent, according to Fox Real Estate.
“Only a few years ago, logistics real estate sprang up like mushrooms – that growth has slowed recently – but demand from users remains unabated, especially at attractive logistics locations,” said Petersmann, managing director of Fox Industrial Real Estate. “We intend to close this gap with our logistics real estate expertise, our network and our financial
