Seven new sites for Prologis

Prologis has bought seven logistics sites from Union Investment, boosting its German capacity by 380,000 sqm. The hubs are in Hamburg, Hannover, Nürnberg and the Rhein-Neckar region, enhancing Prologis’ network in the country.

Most of the units have been leased for mid- to long-terms durations to Prologis’ customers and are managed by local teams. In addition, the company plans to modernise the facilities to bring them up to energy-efficiency standards.

The acquisition brings Prologis network of sites in Germany to 143 with a total area of 3.4 million sqm, which is a 50% increase on the previous five-year period. (mk)

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