Prologis to build 29,000 m[sup]2[/sup] facility in the Netherlands

International operator of distribution facilities Prologis said on Monday that it will develop 247,000 sq ft (29,000 m2) of warehouse space in the Netherlands for one of Europe's largest communications distributors. The firm will build the facility at ProLogis Park Stichtsekant, a new distribution park located north of Amsterdam in the city of Almere. The unnamed customer plans to use the warehouse for regional distribution, serving its network of customers throughout the Netherlands and Belgium. Construction on the facility is scheduled to begin before the end of the year.

Christian Bischoff, managing director for Prologis in northern Europe, said: 'Prologis continues to sign new build-to-suit agreements with strong credit customers in major distribution markets across northern Europe. We believe this is driven by our solid customer relationships, diverse portfolio and strategic focus on developing high-quality warehouse space near multiple modes of transit and large population centers.'

Prologis Park Stichtsekant is ideally situated near the Randstad metropolitan area, which is the most populated region in the Netherlands. In addition, Almere is planning to develop a container terminal at the park, which will further support the growing demand for break-bulk facilities near the capital.