Newport’s Mainz South asset fully leased ahead of completion

Mainz South, a c. 9,400 sqm logistics and industrial investment within Newport Logistics Fund III, has been fully leased less than a year after construction began. The lease was secured ahead of the asset’s scheduled completion at the end of August.

Coating Concepts GmbH will occupy the entire building, using the facility to process high-quality carbon components for the automotive industry. The company plans to create around 140 jobs at the location.

Securing an occupier for the full building during construction materially reduces leasing exposure and strengthens income visibility. It also allows the asset to enter its operational phase directly after completion.

Mainz South benefits from access to the Mainz, Frankfurt and Mannheim metropolitan areas, strong motorway connectivity and flexible technical specifications suited to specialised production. These fundamentals supported occupier demand and reflect Newport Logistics Fund III’s focus on well-located logistics and industrial investments in established European markets.

The asset is targeting DGNB Gold certification. Its environmental features include fossil-free heating through a heat pump, rooftop photovoltaics expected to generate up to 896,000 kWh annually, rainwater reuse and EV charging infrastructure.