Düsseldorf, March 9, 2026 – Prologis has acquired approximately 139,000 square metres of modern logistics space from Union Investment. The assets will be integrated into the Prologis European Logistics Partners (PELP) fund, reflecting Prologis’ continued investment in key European markets.
The five facilities – two in Dortmund and one each in Bönen, Herne and Worms – are all located close to major demand centres in the Rhine-Ruhr and Frankfurt–Rhine-Neckar regions. Both regions are among Germany’s most supply-constrained logistics markets, with vacancy rates of around 2% to 3% percent for modern facilities.
“Germany remains one of the most strategic and supply-constrained logistics markets in Europe,” said Björn Thiemann, Senior Vice President and Regional Head Northern Europe at Prologis. “We’re strengthening our footprint where our customers need it, close to major cities and transport corridors, while deepening our long-term commitment to sustainable, well-located space.”
Most of the assets combine high sustainability standards, as well as functionality. Four of them were completed between 2016 and 2021. They are certified DGNB Gold, and built to current industry standards, such as high energy-efficiency standards or clear heights above 12 metres. Prologis will continue to invest in energy and operational upgrades across the portfolio to further enhance performance and sustainability.
The facilities are fully leased, indicating steady demand for modern, city-proximate space in Germany’s core corridors. Four of the five facilities are occupied by existing Prologis customers.
“The divestment of these high-quality logistics assets supports our ongoing portfolio development strategy, under which we carefully evaluate opportunities to maintain a focused and sustainable commitment. By transferring these properties to Prologis, an experienced market participant, we ensure that their existing potential will be managed knowledgeable and effectively. This transaction allows us to strengthen our long-term strategic priorities and remain flexible in responding to evolving market conditions,” said Maximilian von Medem, Investment Manager Logistics DACH at Union Investment.
This latest transaction forms part of a broader series of investments through which Prologis is expanding its footprint in Germany. Most recently the company had acquired logistics assets totaling around 500,000 square metres in core locations, including a 110,970 square metre brownfield site in Pforzheim for redevelopment, and had also announced plans to redevelop its existing 278,000 square metre brownfield site in Dortmund into a DGNB Platinum-targeted logistics and business park.
“Land near major cities is scarce, which supports the long-term value of modern, sustainable logistics buildings,” said Björn Thiemann. “That’s why we focus on selective acquisitions and brownfield redevelopments, with which we bring underused sites back into use and improve the stock of well-located, efficient space in Germany’s core markets.”
Since entering the German market in 1999, Prologis has continuously expanded its footprint. Over the past five years alone, its portfolio in Germany has grown by around 50 percent, including this most recent acquisition. Throughout 2025, Prologis’ German portfolio was on average around 98 percent leased.