Ludwigsburg: Patron Capital and INBRIGHT appoint LIST as general contractor for high-tech industrial hub “LIZ” in nine figure euro range
Ludwigsburg/Berlin, 3 December 2025 – Patron Capital and INBRIGHT have appointed LIST as the general contractor for the Ludwigsburg Industrial Zone (LIZ). From its base in Bietigheim-Bissingen, LIST will provide on-site management. The contract is in the nine-figure euro range, making LIZ one of the largest privately financed industrial and transformation projects in southern Germany. Recently, the project secured refinancing of over €100 million from BGO. LIZ demonstrates that international investors remain willing to invest in the transformation of former industrial sites and their further development through targeted new-build elements, even under challenging market conditions.
This is what the LIZ will look like in the future: High-quality new buildings will complement the renovated existing buildings, along with a well-designed access and delivery infrastructure and spacious outdoor areas with a high quality of stay. Preparatory work on the construction site is currently underway, along with extensive demolition work with material recovery in line with the circular economy. LIST has now been commissioned to implement the overall construction project. Image rights for visualizations: BFK Architekten, Stuttgart
Julian Rosenberg, Investment Director and Partner at Patron Capital, commented: "From an international perspective, Germany continues to be one of Europe’s most attractive real estate markets. Economic resilience, industrial value creation, and high-quality locations provide long-term investment security, regardless of cyclical market discussions. Industrial transformation, modern workplaces, and ESG-driven corporate locations are central investment themes for us, all of which we are addressing with LIZ in Ludwigsburg."
"With LIZ, we are demonstrating that private-sector investments in modern, sustainable industrial spaces are both possible and economically sensible," said Dr. Till Meister, Senior Project Manager and Authorized Signatory as well as Project Lead LIZ at INBRIGHT. "We are investing in Ludwigsburg through substantial new-build elements and the revitalization of existing spaces, because economic future viability also stems from private initiative. Our project, which has received strong support from the City of Ludwigsburg from the outset, is a firm commitment to the industrial location in Baden-Württemberg and currently represents the largest construction project of its kind in the region."
New Build and Sustainable Revitalization
LIZ spans a 51,000 m² site in Ludwigsburg Weststadt, on the former production grounds of MANN+HUMMEL GmbH. Upon completion, approximately 100,000 m² of ESG-compliant space for industrial, research, laboratory, warehouse, and office use will be available.
Anchor tenants have already moved in: MANN+HUMMEL remains a key tenant, signaling strong local commitment. The German space technology company ISPTech has also chosen LIZ. Contract negotiations are ongoing with companies in logistics, technology, high-tech, automotive, engineering, and security-critical infrastructure sectors.
The project includes around 50,000 m² of new construction in sustainable timber-hybrid design and modernization of approximately 44,500 m² of existing space. It also features upgraded traffic and outdoor areas, green roofs, bicycle and car parking, and EV charging infrastructure.
The planning follows an ESG strategy with energy-efficient new builds to KfW-40 / BEG-40 standards, photovoltaic systems, connection to Ludwigsburg’s district heating network, green electricity, and integrated e-mobility solutions. Extensive green roofs enhance biodiversity, while the use of circular economy materials reduces the ecological footprint. DGNB Gold certification is targeted for LIZ.
LIST as a Proven Implementation Partner
LIST has successfully delivered projects for INBRIGHT before, including a light-industrial and logistics project in Hamburg-Billbrook built with CO₂-optimized materials and timber-hybrid construction. Jens Schulte, Managing Partner at LIST Bau Nordhorn, said: "LIZ is a prime example of how partnerships between developers and contractors transform existing spaces into top-tier locations. Our local presence enables short communication lines and strengthens collaboration. For Patron Capital and INBRIGHT, we provide expertise in planning, construction, and ecological sustainability all from a single source. We are realizing LIZ with modern construction methods and high energy efficiency, creating high-quality jobs in Baden-Württemberg."
Construction Progress and Location
The first fully digital building permit in Ludwigsburg for the new construction, as well as extensive refurbishment work, was granted last year.
Modernization of the heritage-worthy existing structures has been ongoing since 2023. Demolition of approximately 30,000 m² of non-preservable buildings began in August 2025 and is expected to be completed by the end of Q1 2026. Modernized office and production spaces in the transformed existing buildings are already available.
Construction of the new building is scheduled to start in February 2026. Preparatory measures such as establishing essential infrastructure, connecting to the newly expanded district heating network via Wilhelm-Fein-Straße, and installing new sprinkler systems are already underway. LIZ is expected to be fully completed in 2027.
LIZ is conveniently located in Ludwigsburg Weststadt between Schlieffenstraße, Grönerstraße, and Wilhelm-Fein-Straße. From 2031, the planned new “Lucie” tram line will further improve connectivity. The surrounding area is complemented by gastronomy, retail, office, and co-working offerings.
More information on the project and available space is available at: www.liz-ludwigsburg.de.
About INBRIGHT
INBRIGHT develops light industrial and logistics properties in economically strong locations with excellent transport connections. Since its founding in 2020, the company has delivered projects with a total investment volume of over €500 million and approximately 230,000 square meters of rental space in Germany. With the establishment of INBRIGHT Portugal, the company has expanded into the Portuguese market. Today, INBRIGHT employs 25 team members, all dedicated to implementing sustainable and innovative real estate solutions.
www.inbright.deINBRIGHT Development GmbH
Erasmusstr. 14
10553 Berlin
+49 (0) 30 4036862-0
info@inbright.deMedia Enquiries INBRIGHT
Yvonne Hoberg
GLOWING MIND | Communications & Transformation
M +49 151 54 750 169
yvonne.hoberg@glowing-mind.comAbout Patron Capital Partners
Patron represents approximately €5.3 billion of capital raised across several funds and related co-investments, investing in property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses. Since it was established in 1999, Patron has undertaken more than 200 transactions across 114 investments and programs involving over 9 million square metres in 17 countries, with many of these investments realised.
Investors represent a variety of sovereign wealth funds, prominent universities, major institutions and private foundations located throughout North America, Europe, Asia and the Middle East. The main investment adviser to the funds is Patron Capital Advisers LLP, which is based in London, and Patron has other offices across Europe including Barcelona and Luxembourg; the group is comprised of 63 people, including a 40-person investment team.
www.patroncapital.comMedia Enquiries Patron Capital
Henry Columbine/Polly Warrack via SEC Newgate
t: +44 (0)7808 541191
e: patron@secnewgate.co.ukAbout LIST and LIST Bau Nordhorn
LIST Bau Nordhorn is a modern general contractor that builds and revitalizes turnkey commercial properties. It focuses primarily on production and logistics properties and the tenant fit-out of office properties. The company is responsible for all construction work involved in realizing the buildings.
The general contractor is part of LIST, a group of companies that plans and builds real estate nationwide. The product range extends from logistics and production halls to commercial properties, residential and social real estate. With special expertise in BIM processes and its own sustainability specialists, LIST works consistently and from a single source to deliver optimal real estate solutions. LIST has locations in Nordhorn, Bielefeld, Leipzig, Hamburg, Cologne, Hünstetten, Bietigheim-Bissingen, Wiesbaden, Berlin, and Munich. With over 800 employees, the group currently generates an operating performance of over €690 million.
www.list-gruppe.deMedia Enquiries LIST
Steffen Menkhaus
t: +49 5921 8840 965
e: steffen.menkhaus@list-ag.de
Our Contribution to the sustainable Development Goals of the United Nations
The 17 Sustainable Development Goals (SDGs) were adopted in 2015 by the member states of the United Nations. They set a road map for the sustainable social, economic and environmental transformation of our world by 2030.
The SDGs also offer us as a company a framework for contributing to a positive future for the world. Our ESG strategy is our contribution to tackling the greatest worldwide challenges, especially to achieving the following SDGs:
We respect diversity, a fair pay and participation structure and the indivdual promotion of out team members, thus contributing to equality of opportunity.
Economic success and a profitable investment strategy are for us the foundation for securing attractive jobs in the long term and contributing to healthy economic growth.
We promote a low-emission infrastructure by locating our properties close to existing residential areas, offering our tenants access to public transport. We modernise and reposition old industrial and commercial properties to make their use lower in emissions, cleaner and more flexible, thus making a noticeable contribution to sustainable industry.
When building and repairing our properties, we are careful to use innovative and engery-efficient systems so as to aviod unnecessary environmental pressures on the surrounding area. Wherever compatible with legislation and the comfort demands of our users, we reduce technical equipment to a minimum to promote the longevity of our properties.
We align both our company and our property projects to ESG criteria. This includes planning our properties in a way that is sparing of resources and ensures them a long useful life with maximum flexibility. We also maintain open interactions in the spirit of partnership with all those involved – from planners and building firms through to the eventual user.
Reducing emissions, especially CO2 emissions, has a high priority for us within our ESG strategy. We as a company aim to reduce and compensate for our CO2 footprint to make the most effective contribution we can to protecting the climate.
How we derived Our ESG strategy
In an initial workshop, we first developed core values for our company. The development of an ESG strategy for INBRIGHT is based on this: main topics were determined and validated based on a fixed evaluation scheme in a two-day workshop. On the one hand, the topics result from the requirements of national and international industry standards and frameworks, such as DGNB, LEED and GRESB, and, on the other hand, from general sustainability standards, such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) and the Sustainable Development Goals. The list of topics was ultimately supplemented by specific industry requirements from the Light Industrial area. The collection of topics was classified based on a fixed evaluation scheme in a materiality assessment using a two-dimensional matrix with the dimensions “Relevance to business” and “Effects on the government and society”. The topics with the highest values in both dimensions, and hence being above the materiality threshold, form the basis of our ESG strategy or our sustainability programme. The materiality assessment is revalidated annually with the participation of internal and external stakeholders and the assessment of the topics is adjusted accordingly.
Our Contribution to the sustainable Development Goals of the United Nations
The 17 Sustainable Development Goals (SDGs) were adopted in 2015 by the member states of the United Nations. They set a road map for the sustainable social, economic and environmental transformation of our world by 2030.
The SDGs also offer us as a company a framework for contributing to a positive future for the world. Our ESG strategy is our contribution to tackling the greatest worldwide challenges, especially to achieving the following SDGs:
We respect diversity, a fair pay and participation structure and the indivdual promotion of out team members, thus contributing to equality of opportunity.
Economic success and a profitable investment strategy are for us the foundation for securing attractive jobs in the long term and contributing to healthy economic growth.
We promote a low-emission infrastructure by locating our properties close to existing residential areas, offering our tenants access to public transport. We modernise and reposition old industrial and commercial properties to make their use lower in emissions, cleaner and more flexible, thus making a noticeable contribution to sustainable industry.
When building and repairing our properties, we are careful to use innovative and engery-efficient systems so as to aviod unnecessary environmental pressures on the surrounding area. Wherever compatible with legislation and the comfort demands of our users, we reduce technical equipment to a minimum to promote the longevity of our properties.
We align both our company and our property projects to ESG criteria. This includes planning our properties in a way that is sparing of resources and ensures them a long useful life with maximum flexibility. We also maintain open interactions in the spirit of partnership with all those involved – from planners and building firms through to the eventual user.
Reducing emissions, especially CO2 emissions, has a high priority for us within our ESG strategy. We as a company aim to reduce and compensate for our CO2 footprint to make the most effective contribution we can to protecting the climate.
