Square Parks has €300m light industrial pipeline

Square Parks, a new venture of Hamburg-based Adolf Weber Group, is planning to develop urban business parks and light industrial estates together with institutional investors. 

Jochen Boudon and Henning Nietz

Leveraging Adolf Weber’s extensive experience and existing portfolio of over 250,000 m2 in light industrial properties, Square Parks aims to build ESG-compliant facilities for SMEs, skilled trades, light industrial businesses, and start-ups.
The company offers end-to-end services, including asset, leasing, and property management post-completion. It has invited international investors and family offices to participate in joint-venture development from early stages. These business parks typically offer flexible warehouse units of 500-2,000 m2, with approximately 20% office space.
Square Parks has already completed its first projects and has a development pipeline of approximately €300 mln, with plans for additional land acquisitions. Over the next five years, the company intends to create 20 new business and light industrial parks.
Henning Nietz, managing director of Square Parks, commented: “The long-term plan is to systematically expand the property development pipeline across the entire DACH region of German-speaking countries. In addition to Germany’s metro areas, the focus here is on sites in Austria and Switzerland. Our modular concept enables us to respond flexibly to the unique requirements of each location and to the needs of local tenants in the skilled trade, manufacturing, industrial, and start-up segments.” 
Jochen Boudon, managing director of Square Parks, added: “One key component is the close collaboration with institutional investors, which allows them to acquire stakes even in an early project phase and thus to participate in the upside potential of the respective development. This way, we ensure that our projects meet both the user requirements and the expectations of the capital market. The asset class of business parks offers stable cash flows, is open to various alternative use options, and represents an attractive add-on for institutional portfolios.”