Prologis, Inc. has signed a lease agreement for a 5,400m² logistics property with Media-Concept Bürobedarf GmbH, a European online distributor of printer cartridges and toners. Prologis is independently developing the property at Prologis Park Augsburg.
In total, the logistics park covers an area of 93,000m²; 49,000 m² are dedicated to distribution and storage space, divided into three distribution centres used by different customers. Construction of the new facility began in October 2015 with completion expected in Q1 2016.
Sascha Petersmann, vice president, market officer Southern Germany, Austria, Switzerland, said: “Our new customer Media-Concept appreciates the much-needed expansion opportunities and operational optimization that Prologis Park Augsburg offers, which was no longer available at the existing location in Munich. The construction of multiple logistics units allows us to respond to current business developments in a flexible manner.”
Sebastian Köhler, managing partner at Media-Concept Bürobedarf GmbH, explained: “Short distribution channels are particularly important for us. Without our reliable, fast-delivery service, we would not be the leading specialist in online distribution of printer cartridges and toners on the European market. Furthermore, with Prologis we have a partner on our side for the long term, reliably supporting us from customized property development to property management.”
Colliers International Munich acted as a broker in the deal.
