Menlo Logistics (Menlo), the €1.5 bln (US$1.7 bln) global logistics and supply chain management subsidiary of Con-way Inc. (NYSE: CNW), today announced a build to suit agreement with global industrial real estate developer Prologis, Inc. (NYSE: PLD) for a new 70,000 m² regional logistics facility in Eindhoven, the Netherlands.
The facility will be located at the Acht industrial park in Eindhoven adjacent to the A2/N2 Eindhoven ring road, which offers direct access to Belgium and Germany, as well as Amsterdam to the north. It will be one of the largest build to suit projects in the region. The expansion spotlights Menlo’s commitment to investing in the expanding market for high value warehousing, distribution and fulfilment services in the Benelux, and its growing prominence as a strategic logistics hub for central Europe.
“The Benelux region and Europe as a whole has always been a strong market for Menlo and represents one of our most promising growth areas, due largely to our presence in the healthcare sector, where we have served medical device manufacturers for many years,” said Robert L. Bianco Jr., president of San Francisco, California based Menlo Logistics. “Our long term lease for this facility with our real estate development partner, Prologis, further reinforces our commitment to the European market not only for healthcare logistics, but across a wide spectrum of industries. We are investing to grow with our customers.”
The new Eindhoven facility complements Menlo’s European footprint, which includes a network of 16 facilities throughout Europe staffed by 800 employees. The company services more than 30 European businesses and multinational companies in sectors such as healthcare, fashion and apparel, consumer goods, e-commerce, high tech, industrial manufacturing and automotive.
The new 70,000 m² distribution centre will be a multi-discipline, multi-client facility capable of supporting the local, regional and global supply chain operations of manufacturers, distributors and service providers across a variety of industries.
Eindhoven will be one of Menlo’s most advanced facilities, with specific design elements and features to address the stringent requirements of the multiple industries the company supports. The facility also will be capable of delivering other value-added services such as picking and packing operations, product configuration, customized labelling and return management services. More than 200 employees will support the operation.
Initial site preparation for the facility began in late July. Construction is scheduled for completion in the first quarter of 2016.
Source: Menlo Logistics
