Signing up for another five years 
XPO Logistics is extending its partnership with Saint-Gobain PAM UK, a producer of pipelines and fittings for water networks based in Derbyshire. The logistics provider has been operating 20 sites in the UK and Ireland for Saint-Gobain since 2018, including 31,587 sqm of... more
Swiss Post banned from takeover
Last Friday, Switzerland’s Competition Commission (Comco) forbade Swiss Post to take over the Quickmail Group. The commission said that the transaction would eliminate effective competition, and that there was also a market-friendly alternative. As both companies are engaged... more
Wincanton sold for GBP 566.9 million
Ceva, a subsidiary of the French shipping company CMA CGM, is buying the British logistics provider Wincanton for the price of GBP 566.9 million. Shareholders will receive 450 pence per share in cash as Wincanton will reach an enterprise value of GBP 764.9 million. “While we... more
Panattoni: a hub in the city centre
Panattoni Germany is welcoming three new tenants to its City Dock hub in Berlin, leasing four units of its 57,000 sqm site. Alstom Transportation Germany will take over two units totalling 2,700 sqm as a spare parts warehouse for railway vehicles. Lyerco Deutschland will use... more
Two major deals in India's real estate sector
Indo Space, a major logistics real estate player in India, has recently clinched two deals expanding its scope in the country. At the recent WEF in Davos (Switzerland), the developer signed an MOU with the Maharashtra government, planning to acquire 404,686 sqm and invest... more
First tenants for a hub in Thuringia
Garbe Industrial Real Estate has finished building a new 35,000 sqm logistics hub in Bollberg, Thuringia. Located in an industrial park, the EUR 46 million site features 31,000 sqm of hall space, 30 dock levellers and three ground-level gates for loading and unloading. The... more
Suez & Panama see US shippers going west
Shippers are currently opting for US West Coast terminals to avoid trade union action and disruptions on both the Panama and Suez Canals, said Jon Gold, VP for Supply Chain and Customs Policy at the National Retail Federation, recently in The Freight Buyers’ Club podcast,... more
Prologis closes a successful 2023
In the full year 2023 and Q4/2023, logistics real estate provider Prologis recorded steady progress in European markets, focusing on solutions provided by its Prologis Essentials platform. The total portfolio for 2023 amounted to 22.5 million sqm with new leases at more than... more
MLP welcomes first tenant in Vienna
The new tenant is part of the GC Group, a wholesaler for plumbing, heating, and ventilation equipment. It will take over a 2,950 sqm hall space as well as 350 sqm of office space. The property has seven loading doors. The MLP Business Park in Vienna comprises a gross... more
Van Gogh to tour Latin America
DHL Express and the Van Gogh Museum are expanding Heart for Art, an art educational programme, to Latin America. The programme, which is designed to give children better access to art and the world of Van Gogh, debuted in the USA in 2022, engaging over 22,000 children in the... more