AMB Property Corporation, the global developer and owner of industrial real estate, announced it is to acquire 10 hectares of land for a second phase of development at AMB Fokker Logistics Park, next to Amsterdam Airport Schiphol. At full build out, the land would support up to 76,300 m[sup]2[/sup] of development, which would bring the park's total area to 161,100 m[sup]2[/sup]. AMB has closed on the first of three tranches of the brownfield site, which AMB intends to fully develop over the next three years.
AMB Property Corporation, the global developer and owner of industrial real estate, announced it is to acquire 10 hectares of land for a second phase of development at AMB Fokker Logistics Park, next to Amsterdam Airport Schiphol. At full build out, the land would support up to 76,300 m2 of development, which would bring the park's total area to 161,100 m2. AMB has closed on the first of three tranches of the brownfield site, which AMB intends to fully develop over the next three years.
AMB Fokker Logistics Park is the largest privately-owned airport-adjacent logistics park in continental Europe. The park's facilities are more than 98% leased to leading companies including Agility, DHL, KLM and Schenker.
AMB's park at Schiphol is a brownfield redevelopment of the former Fokker Aircraft manufacturing factory. The first building of the second phase of development is expected to break ground in the second half of 2008.
