Prologis leases 21,000 m[sup]2[/sup] in southwestern Germany

Prologis announced on Tuesday that it has leased a total of 21,100 m² to two customers at Prologis Park Neuenstadt in southwestern Germany.

'In a challenging market environment, we are very pleased to have signed two new leases - both of significant size - in our German development portfolio,' said Christian Bischoff, Prologis managing director of northern Europe. 'This distribution park has received significant interest from both new and existing Prologis customers for its prime location, modern amenities and sustainable features.'

Prologis Park Neuenstadt is located in the trade and industrial park of Unteres Kochertal (GIK), in the city of Neuenstadt. With three buildings and more than 71,800 m² at the park, Prologis maintains the largest market share of available, modern industrial distribution space in the Heilbronn-Neuenstadt region of Germany.

Prologis said it is the largest provider of industrial space in Germany with approximately 1.4 million m² owned, managed or under development. Other Prologis customers in the country include BLG, Dachser, DSV, Jack Wolfskin, LGI and Rewe.