AMB leases Schiphol development to Schenker

AMB Property Corporation has leased 10,300 m² of an Amsterdam development project to Schenker, an international provider of integrated logistics services. Schenker will use the facility to consolidate its operations following the recent merger with BAX Global, becoming part of the Transportation and Logistics Division of Deutsche Bahn. The development at AMB Fokker Logistics Center 3 is located in AMB Fokker Logistics Park, close to the main terminal and newest front-line cargo operations at Amsterdam's Schiphol Airport..

AMB has one of the largest portfolios at Schiphol with approximately 148,100 m² owned or under development. Customers include Agility, DHL and Menlo Worldwide. Schiphol is Europe's third largest airport as measured by cargo volume.

Guy Jaquier, AMB's president, Europe and Asia commented: 'In the tight Schiphol market, AMB was able to quickly respond to Schenker's consolidation requirements for Class A air freight distribution space in close proximity to the airport. Combined, BAX and Schenker are one of AMB's top customers, now with 30 leases in 13 markets globally.'

Jaquier added: 'This transaction demonstrates AMB's ability to meet customer requirements as consolidation in the logistics industry creates new demand for highly efficient distribution space in key air cargo markets.' AMB's portfolio in Europe totals more than 840,400 m² of facilities operating and under development, including air cargo projects at Charles de Gaulle International Airport in Paris, Frankfurt International Airport, Madrid Barajas International Airport, and Brussels Zaventem Airport.