Prologis delivered a 658,396 SF (60,000 SQM) build-to-suit for supply chain logistics provider XPO Logistics at Trade Port North, Venlo, in the Netherlands.
Demand for high-quality facilities is strong in the Netherlands, especially around Venlo. Prologis, with an established presence in Venlo, built Class-A distribution facilities customized to suit the needs of XPO Logistics. The new development can be expanded to accommodate future growth.
“We have a strong position in Venlo, the leading logistics hub in the Netherlands, and we always look to expand our park to offer customers modern, high-quality distribution space. XPO Logistics is a long-term and global customer with growth ambitions. We look forward to facilitating this growth,” said Bram Verhoeven, country manager, Prologis Benelux.
“The availability of modern distribution space is scarce, not only in the Netherlands in general but in Venlo in particular. With Prologis as one of our preferred logistics real estate partners, we are able to keep expanding our current activities for our clients at a location that is high in demand due to its smart infrastructure, accessibility and availability of land,” said Mauro Ungheretti, managing director Netherlands-Belgium-Germany of XPO Logistics.
Bob Vostermans, alderman of the municipality of Horst aan de Maas, said, “Our region invested in a logistics hub position many years ago, and Prologis has been a long-lasting strategic partner. We are therefore very pleased to have this agreement with Prologis and XPO Logistics. It shows the long-term view of our partners, which perfectly fit our ambition to remain and expand our hub position in the Netherlands.” Richard Elich, commercial director Development Company Greenport Venlo added, “We see this agreement as a confirmation of our long-term strategy to attract business to the Venlo region.”
The facility, Venlo DC7, is located at Green Port Lane. Features include LED lighting and a BREAAM accreditation of “Very Good.” This build-to-suit for XPO Logistics increased the size of Prologis’ portfolio at Prologis Park Venlo from 1.94 to 2.6 MSF (180,000 to 240,000 SQM).
Prologis was advised by Jones Lang LaSalle, DTZ, CBRE and Loyens & Loeff.