Düsseldorf / Hattingen (June 9, 2026) - BGO, a leading global real estate investment manager, and Düsseldorf-based project developer, PRODAC Industrial Real Estate, are building the new "STEEL Logistics Park" in the heart of the Ruhr region. The building permit has now been granted for the project, which is currently being built with completion of development planned for Q2 2027.
On the approximately 72,000 m2 site at Ruhrdeich 10 in Hattingen, BGO and PRODAC are realizing a logistics property with a total rental area of around 46,700 m2. At the heart of the project is approximately 40,900 m2 of warehouse space, which is equipped with WGK foil and is therefore also suitable for the storage of hazardous goods. The space on offer is supplemented by almost 2,200 m2 of office space and around 3,600 m2 of mezzanine space. The building complex can be divided into up to four units of approx. 10,000 m2 providing flexibility on space size.
The four warehouse sections have a clear height of 12.20 m UKB and a total of 40 loading docks, four ground-level gates, almost 16 truck parking spaces, and around 141 car parking spaces offer ideal conditions for logistics, warehousing, and production.
The STEEL Logistics Park is being built in a central location in the Ruhr area, one of Germany's most economically important regions. The site has excellent transport connections: the four-lane L651 state road and the A448, A40, and A43 motorways are just a few minutes' drive away. This allows easy access to the important urban centres of Essen, Bochum, Duisburg, Dortmund, and Düsseldorf to be served quickly. Additional logistical advantages result from the proximity to the Duisburg inland port (Logport) – the largest inland port in Europe – as well as to the international airports of Düsseldorf and Cologne/Bonn.
The project is aiming for a Platinum certification from the German Sustainable Building Council (DGNB). Plans include heating systems using renewable energy, a photovoltaic system, smart building technology, and e-charging infrastructure. Rainwater will be collected in tanks and used for sanitary facilities. Insect and small animal-friendly landscaping, attractive social areas, and well-being areas underscore the user-oriented ESG approach.
"BGO is very happy to be regenerating this land by building a modern and sustainable logistics asset, in line with BGO's strategy," comments Jürgen Diehl, BGO.
"We are very pleased to be working with BGO once again as a strong partner to develop forward-looking industrial and logistics space in Germany, such as here in Hattingen. With the STEEL Logistics Park, we are deliberately pursuing an exciting development in one of Germany's most sought-after logistics regions," explains Lars Zimmermann, Managing Director of PRODAC Industrial Real Estate GmbH.
PRODAC is also the central point of contact for leasing. Project management and technical implementation are being handled by the Weinheim-based company Modevconsult GmbH.
"Following the complex demolition of the existing buildings and their foundations, the next steps in the construction process will begin shortly. We are confident that the logistics property will be completed on schedule," says Daniel Moritz, Managing Director of Modevconsult GmbH.
AVR Umwelt GmbH was commissioned to demolish the existing buildings.
The site – part of the former steelworks in Hattingen, known as "Henrichshütte" – was previously used for commercial and industrial purposes. The existing property, which is no longer required for operational purposes, will now be redeveloped in a sustainable manner and reintegrated into the real estate cycle. BGO and Prodac have commissioned general contractor Goldbeck to build the park.
Melanie Witte-Lonsing, mayor of the city of Hattingen, says: "The investments demonstrate sustained confidence in Hattingen as a business location. I welcome this commitment, as it will hopefully offer us positive tax effects in addition to opportunities for the labor market. I look forward to a variety of uses and new impetus at the location in our commercial and landscape park."
Martin Serres, Economic Development Officer for the City of Hattingen, comments: "With the construction of a new, marketable logistics property that, thanks to its modularity, is geared toward companies of various sizes and from various industries, the investors are targeting newcomers to Hattingen and existing local companies. This also contributes to the welcome diversification of our economy."
Further information: www.steel-logistikpark.de
About BGO
BGO is a leading global real estate investment advisor and a globally recognized provider of real estate services. BGO represents the interests of more than 750 institutional clients with approximately $89 billion in assets under management (as of March 31, 2026) and has expertise in real estate asset management in the office, industrial, residential, retail, and hospitality segments around the world. BGO operates offices in 27 cities across 13 countries and has deep local knowledge, experience, and extensive networks in the regions where it invests and manages on behalf of its clients in primary, secondary, and co-investment markets. BGO is part of SLC Management, which is responsible for managing Sun Life's institutional, alternative, and traditional assets.
In Europe, BGO is a leading investment manager with more than 50 specialists and $10.5 billion in assets under management (AUM) in debt and equity. Strategies range from core to value-add to development, with in-house operational execution. Since 2014, the company has acquired, is building, or is currently developing more than 200 logistics properties in Europe with a total area of over 6.1 million square meters (66 million square feet).
The assets under management shown above include real estate, equity, and mortgage investments managed by the BGO group of companies and its affiliates, and, as of the first quarter of 2021, includes certain uncalled capital commitments for capital under a management mandate until their legal maturity date and excludes certain uncalled capital commitments where the investor has full control over the investment.
For more information, please visit: www.bgo.com
About PRODAC
PRODAC Industrial Real Estate GmbH is an owner-managed company focusing on the acquisition, development, construction, and marketing of modern, sustainable logistics and industrial real estate. The company attaches great importance to high-quality facilities and multifunctional construction in order to offer its customers maximum flexibility and sustainable planning at the respective locations. PRODAC combines many years of experience with the expertise of a first-class network – always with the aim of achieving the best results for all project partners. As an independent project developer, it attaches great importance to long-term and trusting cooperation with its business partners.
Further information can be found at: www.prodac-ire.de
Press contact
Elena Zimmermann, PRODAC
+49 (0)211- 54 200 350
e.zimmermann@prodac-ire.de
Rahim Ladha, BGO
media@bgo.com