Prologis has signed a build-to-suit agreement with California-based Menlo Logistics for a 70,000 m2 regional logistics facility in the southern Dutch city of Eindhoven.
Prologis has signed a build-to-suit agreement with California-based Menlo Logistics for a 70,000 m2 regional logistics facility in the southern Dutch city of Eindhoven.
Menlo Logistics is the $1.7 bn (€1.5 bn) global logistics and supply chain management subsidiary of New York-listed transportation and logistics company Con-way.
The facility will be located at the Acht industrial park in Eindhoven adjacent to the A2/N2 Eindhoven ring road, which offers direct access to Belgium and Germany, as well as Amsterdam to the north. It will be one of the largest build-to-suit projects in the region. The expansion spotlights Menlo’s commitment to investing in the expanding market for high-value warehousing, distribution and fulfillment services in the Benelux, and its growing prominence as a strategic logistics hub for central Europe.
'The Benelux region and Europe as a whole has always been a strong market for Menlo and represents one of our most promising growth areas, due largely to our presence in the healthcare sector, where we have served medical device manufacturers for many years,' said Menlo president Robert Bianco. 'Our long-term lease for this facility with our real estate development partner, Prologis, further reinforces our commitment to the European market not only for healthcare logistics, but across a wide spectrum of industries. We are investing to grow with our customers.'
Menlo already has a network of 16 facilities throughout Europe staffed by 800 employees. The company services more than 30 European businesses and multinational companies in sectors such as healthcare, fashion and apparel, consumer goods, ecommerce, high tech, industrial manufacturing and automotive.
