Prologis has actually obtained a profile of 7 logistics centers in Germany from Union Financial investment, amounting to roughly 380,000 square metres of prime logistics area.
The centers lie in Hamburg, the Rhine-Neckar area, Hanover, and Nuremberg, essential logistics centers for Europe’s supply chain facilities. This purchase, among Prologis’ biggest realty financial investments in Germany, strengthens the firm’s dedication to increasing its European profile in areas essential to long-lasting development and client success.
“This purchase emphasizes Germany’s significance as a logistics keystone, linking international supply chains,” claimed Björn Thiemann, Elder Vice Head Of State, Regional Head Northern Europe at Prologis. “It reinforces our capacity to satisfy client demands and drive development in essential areas.”
“We leveraged the premium quality of our logistics realty profile to improve our money gets through sales in a market setting that continues to be tough, thus developing possibilities for establishing our profile moving forward,” claimed Stephan Riechers, Head of Financial Investment Monitoring Logistics at Union Financial Investment. “With Prologis’ tried and tested performance history and regional know-how, we are certain that this profile will certainly remain to flourish under their stewardship.”
A considerable section of the area is under tool- to long-lasting leases, numerous with existing Prologis clients. With its regional and local groups in Germany, Prologis has the ability to sustain their organizations procedures and development desires.
The article Prologis expands investment in logistics market initially showed up on Warehouse & Logistics News.
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