Prologis acquires two facilities in Germany
Prologis has acquired two logistics facilities in the core German logistics market of Northrhine-Westfalia. The properties, which are located in Duisburg and Düsseldorf, cover a total of more than 41,000 sq m and are fully leased.
The logistics facility in Duisburg's LogPort comprises approximately 27,100 sq m of distribution and office space. The logistics facility in Düsseldorf covers approximately 13,970 sq m. The facility, constructed in 2007, is close to Düsseldorf airport and adjacent to another Prologis facility."Both acquisitions are excellent additions to the existing Prologis portfolio in Germany," says Philip Dunne, President of Prologis Europe. "Rhine-Ruhr is one of Europe's most important economic and logistics regions. We are taking advantage of this opportunity to further strengthen Prologis' position in the area."