Delta Immobilienentwicklung, the German daughter of Delta Development Group, has reached an agreement with AMB about the sale of AMB Theodorpark Logistics Center in Dusseldorf-Rath, after realization.
This new center, to be developed in the business area Theodorpark, measures 12.000 m² warehouse and on the first floor an office area of app. 1.200 m². The project will be realized in 2nd quarter 2007. The strategic location in close proximity to the motorways A52 and A44 and the airport of Düsseldorf fits perfectly into the strategy of AMB.
AMB is a leading global developer and owner of industrial real estate, focused on major hub and gateway distribution markets throughout North America, Europe and Asia. As of September 30, 2006, AMB owned or had investments in property and development projects to total approximately 124.8 million ft² (11.6 million m²) and 1,109 buildings in 42 markets within 11 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company's portfolio is comprised of High Throughput Distribution® facilities which are built for speed and located near airports, seaports and ground transportation systems.
Delta Development Group is next to the German subsidiary, an independent development company in the Netherlands and France. Delta Development Group develops offices-, logistics-, retail-, industry utilities and residential areas. Their main focus is at the redevelopment/revitalization of city centers and industrial areas.