ProLogis (NYSE: PLD), a leading global provider of distribution facilities, has announced that it has signed a new lease for more than 15,000 m² of recently completed warehouse space near Munich, Germany, to a leading global provider of third-party logistics services, Simon Hegele.
Hegele's new facility is located at ProLogis Park Munich, a state-of-the-art distribution park situated along Germany's A92 highway between downtown Munich and the Munich International Airport. The company selected the park for its strategic proximity to its customers in northeast Munich and access to modern transit infrastructure.
In addition to ProLogis Park Munich, Hegele leases more than 4,800 m² from ProLogis at ProLogis Park Frankfurt in central Germany.
"We are very pleased to have signed this new lease agreement with long-time customer Simon Hegele," said Christian Bischoff, Regional Director for ProLogis in northern Europe. "ProLogis remains focused on leasing its pipeline of new and existing properties and today's announcement underscores both the strength of our customer relationships and the quality of our portfolio."
ProLogis Park Munich currently comprises four buildings totaling more than 1 million ft² of space. In addition to Simon Hegele, current customers at the park include Hellmann Worldwide Logistics, Dachser and DSV. Throughout Germany, ProLogis owns or manages approximately 1.37 million m² across five markets.