Key Takeaways
- • Hines has signed DSV as the first tenant at Grimma Industrial Park near Leipzig, Germany, marking a leasing milestone for the logistics development.
- • DSV will occupy units B1, B2, and B3, with occupation phased from September 2026 to April 2027.
- • The lease runs seven years with one three-year extension option.
- • The park was acquired in 2023 by HEREP III and completed in November 2025, comprising 116,869 square metres of lettable area across three buildings on a 267,670-square-metre site.
- • Hines is targeting DGNB Platinum certification for the project, though it notes no guarantee the asset will achieve all of its ESG objectives.
Summary
Hines has signed global freight forwarder DSV as the first tenant at Grimma Industrial Park, a logistics development near Leipzig, Germany. According to the announcement, DSV will move into units B1, B2, and B3, with occupation expected in phases between September 2026 and April 2027. The relocation is into a larger, new building designed to support DSV's expansion needs.
The lease term is seven years, with one three-year extension option. Hines described the signing as an important milestone for the development's leasing progress.
Grimma Industrial Park was acquired in 2023 by HEREP III and completed in November 2025. The scheme comprises 116,869 square metres of lettable area across three buildings on a 267,670-square-metre site. Hines is targeting DGNB Platinum certification for the project, with the company noting in its disclaimer that there is no guarantee the asset will achieve all of its ESG objectives.
The lease term is seven years, with one three-year extension option. Hines described the signing as an important milestone for the development's leasing progress.
Grimma Industrial Park was acquired in 2023 by HEREP III and completed in November 2025. The scheme comprises 116,869 square metres of lettable area across three buildings on a 267,670-square-metre site. Hines is targeting DGNB Platinum certification for the project, with the company noting in its disclaimer that there is no guarantee the asset will achieve all of its ESG objectives.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.