Logistikobjekt Carl-Zeiss-Weg, Salzgitter

Sustainability Consulting Technical due diligence (TDD)

In the course of expanding its real estate portfolio in Germany, the London-based investment company Global Gate Capital was in the acquisition process of a logistics property in Salzgitter. The parcel distribution centre, originally built in 1997, was extended in 2016 and 2023 respectively and is currently occupied by a single tenant. To identify potential risks in the structural and technical areas, Global Gate Capital commissioned albrings + müller ag to carry out a Technical Due Diligence. In addition, an ESG assessment was prepared to ensure compliance with the company’s internal sustainability criteria and to identify measures for meeting these targets. A particularly positive aspect was the extensively installed photovoltaic system on the roof of the hall, which makes a significant contribution to the sustainable positioning of the property and its decarbonisation strategy.

Challenges

The logistics property is located in Salzgitter’s industrial area, which is characterised by steel production. During an extension, significant soil contamination was discovered, requiring the removal of around 67,000 tonnes of contaminated soil. For the original building constructed in 1997, only incomplete documentation was available, making it unclear whether soil remediation had been carried out in that area or whether contaminated material might still be present. To minimise risk, targeted boreholes were carried out in the area of the existing building by a specialised company. These revealed no abnormalities and were able to rule out potential legacy contamination and pollutants.

added value

Through the comprehensive review carried out as part of the Technical Due Diligence and ESG assessment, the property was analysed with regard to all criteria relevant to the acquisition process. The aim was to identify potential risks at an early stage and to rule out possible dealbreakers. In addition, investment costs were determined in order to provide the client with a reliable basis for their own profitability analysis. The ESG assessment highlighted which sustainability requirements the property already meets and which measures are recommended in order to comply with current sustainability-related standards.