Prologis has acquired a portfolio of five logistics assets in Germany from Union Investment. The assets will be integrated into the Prologis European Logistics Partners (PELP) fund, reflecting Prologis’s continued investment in key European markets.
The five facilities, totalling around 139,000sqm, are located close to the Rhine-Ruhr and Frankfurt–Rhine-Neckar regions. The facilities are fully leased, indicating steady demand for modern, city-proximate space in Germany’s core corridors. Four of the five facilities are occupied by existing Prologis customers.
Björn Thiemann, senior vice president and regional head for Northern Europe at Prologis, said: “Germany remains one of the most strategic and supply-constrained logistics markets in Europe. We’re strengthening our footprint where our customers need it, close to major cities and transport corridors, while deepening our long-term commitment to sustainable, well-located space.”
Most of the assets combine high sustainability standards, as well as functionality. Four of them were completed between 2016 and 2021. They are certified DGNB Gold, and built to current industry standards, such as high energy-efficiency standards or clear heights above 12 metres. Prologis said it will continue to invest in energy and operational upgrades across the portfolio to further enhance performance and sustainability.
Maximilian von Medem, investment manager for ogistics in the DACH region at Union Investment, said: “The divestment of these high-quality logistics assets supports our ongoing portfolio development strategy, under which we carefully evaluate opportunities to maintain a focused and sustainable commitment. By transferring these properties to Prologis, an experienced market participant, we ensure that their existing potential will be managed effectively. This transaction allows us to strengthen our long-term strategic priorities and remain flexible in responding to evolving market conditions.”
This latest transaction forms part of a broader series of investments through which Prologis is expanding its footprint in Germany. Most recently, the company acquired logistics assets totaling around 500,000sqm in core locations, including a 110,970sqm brownfield site in Pforzheim for redevelopment, and had also announced plans to redevelop its existing 278,000sqm brownfield site in Dortmund into a DGNB Platinum-targeted logistics and business park.
Thiemann added: “Land near major cities is scarce, which supports the long-term value of modern, sustainable logistics buildings.That’s why we focus on selective acquisitions and brownfield redevelopments, with which we bring underused sites back into use and improve the stock of well-located, efficient space in Germany’s core markets.”
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