Prologis to develop 60,000 Square Meters for XPO Logistics in the Netherlands
AMSTERDAM (October 12, 2016) – Prologis, Inc., the global leader in logistics real estate, today announced a 60,000 square meter built-to-suit agreement for a logistics building for XPO Logistics at Trade Port North (TPN), Venlo, in the Netherlands.
Venlo is one of locations in the Benelux where a strong increase of demand for high quality facilities exists. In Venlo Prologis can offer XPO Logistics Class-A distribution facilities and the current development can be scaled up to accommodate the customer’s growth.
“We have a strong position in Venlo, the leading logistics hub in the Netherlands, but we always look out to expand our park to offer our customers modern, high quality distribution space. XPO Logistics is a long-term and global customer with growth ambitions. We are looking forward to facilitating this growth”, said Bram Verhoeven, country manager, Prologis Benelux.
“The availability of modern distribution space is scarce, not only in The Netherlands in general but in Venlo in particular as well. With Prologis as one of our preferred logistics real estate partners, we are able to keep expanding our current activities for our clients at a location which is high in demand due to its smart infrastructure, accessibility and availability of land”, said Mauro Ungheretti, managing director Netherlands-Belgium-Germany of XPO Logistics.
Bob Vostermans, alderman of the municipality of Horst aan de Maas: “Our region invested in a logistics hub position many years ago and Prologis has been a long lasting strategic partner. We are therefore very pleased to have signed this agreement with Prologis and XPO Logistics. It shows the long term view of our partners which perfectly fit our ambition to remain and to expand our hub position in The Netherlands.” Richard Elich, Commercial Director Development Company Greenport Venlo, adds: “We see this agreement as a confirmation of our long term strategy to attract business for the Venlo region.”
The facility, DC 7, is located at Green Port Lane and is targeted for completion mid-2017. Features include LED lighting and a BREEAM certificate of “very good”. Prologis currently owns 6 distribution facilities in Venlo. The development of DC7 will increase the size of Prologis’ Venlo portfolio at Prologis Park Venlo from 180,000 to totaling 250,000 square meters.
Prologis was advised by Jones Lang LaSalle, DTZ, CBRE and Loyens & Loeff.
Prologis is one of the leading providers of logistics real estate in the Benelux, with approximately 1.9 million square meters of logistics and distribution space as of June 30, 2016.