AMB Property Corporation(R) (NYSE: AMB) has announced it has acquired a fully-leased, 560,000-ft² (ca. 52,000 m²) facility in Tilburg, the Netherlands. Tilburg is an established logistics hub, with a central location that serves the local Dutch distribution market as well the greater European continent.
AMB Tilburg Distribution Center 1 is fully leased to Ingram Micro, the world's largest technology distributor and a leading technology sales, marketing and logistics company, and Walsh Western International, a leading provider of end-to-end logistics and supply chain solutions. Ingram Micro also leases space from AMB at Changi Airport in Singapore.
"AMB entered the Netherlands in 2004. Through both development and acquisitions, we have established a major presence, which now totals approximately 3 million square feet," said Mo Barzegar, AMB's senior vice president, managing director, Europe. "The Netherlands is one of the largest logistics and distribution hubs in the world. Tilburg's excellent accessibility and infrastructure has drawn many international consumer goods, electronics and distribution companies, and its supply-constrained infill nature makes it an important addition to AMB's pan-European portfolio."
Centrally located along the A58 motorway, one of the Netherlands' primary west/east transportation corridors, Tilburg provides direct access to Amsterdam, Rotterdam, the German Rhine-Ruhr area to the east, and Belgium to the south. Additionally, it can be accessed by rail and barge, with direct connection by inland waterway to the Port of Rotterdam, Europe's largest seaport.
"AMB is targeting Tilburg for investment as it is a key node along the global supply chain, and we are encouraged to see that the city is making moves to further position itself as a leading logistics hub," commented Anton van Vlerken, vice president, general manager, Benelux. "AMB Tilburg Distribution Center 1 is situated in one of the most important logistics parks in Tilburg. We are pleased to have secured this position."
AMB's Europe portfolio totaled more than 9.7 million ft² (904,500 m²) of operating and under development properties as of September 30, 2007.