Entry into Amsterdam advances AMB´s investment focus on markets tied to global trade.
During the second quarter, the company entered the Amsterdam industrial market with completion of the newly developed AMB Capronilaan Logistics Center, a 183,900 square foot (17,084 square meter) facility, acquired at a total investment cost of $23.4 million (euro 19.2 million). Located in the Schiphol Rijk industrial park, the property is adjacent to Amsterdam Airport Schiphol -- Europe´s third largest airport for cargo volume. Prior to development completion, AMB fully leased the property to a global chip maker and leading manufacturer of computer products.
AMB can now offer customers logistics facilities in all four of its continental Europe target markets: Amsterdam, Frankfurt, Madrid and Paris. Amsterdam serves as the company´s European headquarters, staffed with operations, business development, customer alliances and transactions personnel.