AMB Property Corporation® (NYSE:AMB) has announced that it has leased 10,300 m² in an Amsterdam development project to Schenker, one of the leading international providers of integrated logistics services. Schenker will use the facility to consolidate operations following its recent merger with BAX Global, becoming part of the Transportation and Logistics Division of Deutsche Bahn AG.
AMB Fokker Logistics Center 3 is located in AMB Fokker Logistics Park, proximate to Amsterdam Airport Schiphol's main terminal and newest front line cargo operations. AMB has assembled one of the largest portfolios at Amsterdam Airport Schiphol with approximately 148,100 m² owned or under development, serving customers including Agility, DHL and Intel. Schiphol is Europe's third largest airport as measured by cargo volume.
"In the tight Schiphol market, AMB was the developer able to quickly respond to Schenker's consolidation requirements for Class A air freight distribution space in close proximity to the airport. Combined, BAX and Schenker are one of AMB's top customers, now with 30 leases in 13 markets globally," said Guy Jaquier, AMB's president, Europe & Asia. "This transaction demonstrates AMB's ability to meet customer requirements as consolidation in the logistics industry creates new demand for highly efficient distribution space in key air cargo markets."
AMB's portfolio in Europe totals more than 840,400 m² of facilities operating and under development, including air cargo projects at Charles de Gaulle International Airport in Paris, Frankfurt International Airport, Madrid Barajas International Airport, and Brussels Zaventem Airport.