Prologis leases 423,000 sq ft in Western Germany

Prologis, the global provider of distribution facilities, announced on Monday that it has leased 423,000 sq ft (40,000 m2) of recently completed distribution space in western Germany to LGI Logistics Group International, a subsidiary of the Willi Betz Group and one of Germany's largest providers of third-party logistics services.

LGI has leased 100% of the space in a facility at Prologis Park Hunxe, a new distribution park located along the A3 highway, less than 40 kilometers from the Netherlands border. LGI, which has been the exclusive outsourcing provider for Hewlett Packard (HP) in Germany since 1995, will use the space as the primary European distribution center for HP printers.

'Western Germany continues to serve as a strategic location for distribution,' said Christian Bischoff, regional director for Prologis in northern Europe. 'Given its modern transportation infrastructure and centralised location, supply chain participants benefit from the region's access to major markets in Germany and the surrounding countries. We are extremely pleased to serve as LGI's facilities provider of choice.'

Prologis is the largest provider of industrial space in Germany with approximately 1.36 million m². In addition to LGI, other Prologis customers in Germany include Jack Wolfskin, Volkswagen, Dachser, Rewe and BLG.