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The company also plans to modernise the facilities to bring them up to energy-efficiency standards.
Prologis has bought seven logistics sites from Union Investment, boosting its German capacity by 380,000 sqm. The hubs are in Hamburg, Hannover, Nürnberg and the Rhein-Neckar region, enhancing Prologis’ network in the country.
Most of the units have been leased for mid- to long-terms durations to Prologis’ customers and are managed by local teams. In addition, the company plans to modernise the facilities to bring them up to energy-efficiency standards. Read more
Source: ITJ
