Prologis, Inc., the global leader in logistics real estate, is launching a new standard contract with a fixed service charge in Germany – the Clear Lease^TM. Prologis first used the new lease contract model for two contracts with Western Post (DE) GmbH in Bochum.

Prologis is expanding the logistics space for the independent aftermarket business line of the technology company Continental in Groß-Rohrheim in Southern Hesse, Germany, to around 34,000 square meters. This represents an increase of almost 7,000 square meters. Construction started recently and is due to finish in early 2019.

Prologis, Inc., the global leader in logistics real estate, today announced their operating and development portfolio activity for the second quarter of 2018 in Europe. During the quarter, the company signed 343,000 square metres of new leases and 631,000 square metres of lease renewals.

Prologis announced the sale of a portfolio of assets in Germany. The portfolio comprises five stabilised assets in Bad Hersfeld, Borken, Bremerhaven, Hassfurt and Neunkirchen.  

Prologis has signed two lease agreements covering around 17,200 square meters of space in Unna, Germany. Prasco GmbH will occupy around 6,200 square meters in a newly developed logistics facility, and a global logistics service provider will use around 11,000 square meters. This means that just three months after completion of the speculatively developed facility, Prologis Park Unna is fully leased.

Prologis together with L’Oréal today celebrates the cornerstone ceremony for the new logistics facility in Muggensturm, Germany. Prologis is the project developer. Already at the beginning of next year, all 450 employees are to move into their new workplace. Upon its completion, the CO2-neutral facility will comprise an area of over 100,000 square meters. L’Oréal will supply the markets in Germany, Austria, and Switzerland from here.

DÜSSELDORF (February 6, 2018) – Prologis, Inc., the global leader in logistics real estate, today announced the construction start of a CO₂-neutral logistics center for L’Oréal. At completion, the facility, located in Muggensturm near Karlsruhe, will comprise approximately 101,000 square meters of logistics space.

Prologis today announced the acquisition of 16 hectares of land in Dortmund, Germany. The seller is Dortmund Logistik GmbH. Upon completion of the ground preparations in 2020, the land will be handed over to Prologis.

Prologis has signed two lease agreements for a total of around 26,400 square meters of existing space in Hanover, Germany. Electrical retail group “expert” will start operations in a facility measuring 16,500 square meters at Prologis Park Hanover-Langenhagen on January 1, 2018. A food retailer has been using a logistics facility measuring 9,900 square meters on the site since September 1, 2017.