AMB Property Corporation leases 17,780 m² in Hamburg development (DE)

AMB Property Corporation, a leading owner, operator and developer of global industrial real estate, announced that it has signed a lease for approximately 17,780 m² in its AMB Hausbruch Industrial Center A in Hamburg, Germany. The lease was signed with a leading forwarding and logistics provider.

"With port traffic forecasted to grow in 2010, we see increased demand for class-A distribution space in the Hamburg area," said Peter Schuijlenburg, vice president, general manager, Germany for AMB. "We are extremely pleased to accommodate the expanding needs of this target customer."

AMB Hausbruch Industrial Center is located approximately two kilometers from the Altenwerder Terminals of the Port of Hamburg and approximately 10 kilometers from Hamburg city center. The site has immediate access to the A7 highway, which is the main north/south arterial through the region that intersects with the A1 highway, connecting Hamburg with the Rhine-Ruhr region, Germany's most densely populated and industrialized area.

Source: AMB

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