BayernLB is providing a €76 mln financing to Hamburg-based Wegner Group for the expansion of the IDC Intercontinental distribution center in the city of Worms.

BayernLB is providing a €76 mln financing to Hamburg-based Wegner Group for the expansion of the IDC Intercontinental distribution center in the city of Worms.

The facility was completed in 2003 and currently covers a land area of 52,000 m2.

The extension project, started last month, will increase the size of the asset to around 30,000 m2 of logistics accommodation. The facility is fully let to Robert Bosch.