Prologis Leases 41,500 Square Meters in Munich

Prologis, Inc. (NYSE: PLD) has signed a lease agreement with an international logistics service provider for 41,500 square meters of space at the Munich-Neufahrn logistics park. The customer will use the facility as of January 2018 for its distribution business in the Munich metropolitan area.

“We are delighted to lease this logistics facility to a new user prior to the end of the existing rental contract,” said Alexander Heubes, senior vice president, country manager, Prologis Germany. “We offer our client warehousing and distribution capacities to meet their customers’ expectations for efficient supply in and around Munich.”

The facility is equipped with conventional loading ramps and weather-proofed areas for ground-level loading and unloading. It is located next to Munich Airport, directly on the A92, and is a short distance from the A9/A92 interchange. BNP Paribas Real Estate provided advice and consultation during the search for a suitable site.

About Prologis
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2017, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 684 million square feet (64 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,200 customers across two major categories: business-to-business and retail/online fulfillment.