Pictet and Scantum acquire second logistics asset in Kerpen

The joint venture between Pictet Alternative Advisors (Pictet) and Scantum DW (Scantum) has acquired a 22,000 m2 plot in Kerpen, Germany, from LyondellBasell.

Kerpen

The plan is to develop a modern logistics facility of approximately 14,000 m2 on the site.

The property boasts a strategic location within the Rhine-Ruhr metropolitan region, offering direct access to major motorways (A4, A1, A61) and proximity to Cologne. Kerpen is also conveniently located near Cologne Bonn Airport and significant ports such as Rotterdam and Antwerp.

LyondellBasell will continue to occupy the existing warehouse at Hüttenstraße 122–124 until the end of the year. Following their departure, the current structure will be demolished to make way for a new, state-of-the-art logistics building.

The project is slated for completion in early 2028. The new facility will incorporate enhanced sustainability features and aims to meet the EG40 energy efficiency standard, one of Germany's highest. This will be achieved through the installation of solar panels and heat pump technology, alongside modern WHG-compliant sealing.

The design will also include flexible, smaller units to effectively address the increasing demands of urban logistics.

This acquisition further strengthens the joint venture's platform strategy, which now encompasses two warehouses totaling 35,000 m2 upon completion. In 2025, Pictet and Scantum jointly acquired a property in Hochheim am Main, which has already been fully leased to bathroom manufacturer Nextrend, two years ahead of its completion.

Simon Geldmann, Pictet Alternative Advisors, commented: “With the acquisition in Kerpen, we are securing another asset in a highly attractive location in one of Germany’s most important logistics regions. The project is consistent with our strategy of creating modern, sustainable, and highly flexible logistics spaces that meet the requirements of urban supply chains.”

Alexander Polsak, Scantum DW, added: “The combination of an excellent location, development potential, and our clear commitment to sustainability makes this acquisition particularly attractive. With our new platform, we are also creating a scalable structure to specifically invest in future-proof logistics properties.”

The joint venture between Pictet and Scantum was advised by GSK, Noerr, Colliers, as well as x-Projekt and Wessling. The seller, LyondellBasell, was advised by CBRE.