Prologis strengthens its presence in Germany: acquisition of seven logistics properties

Düsseldorf, 28 January 2025 - Prologis has acquired a portfolio of seven logistics properties from Union Investment, comprising a total of around 380,000 square metres of high-quality logistics space.

Motif 1: "Heddesheim"/ ©UnionInvestment - The property portfolio acquired by Prologis comprises seven buildings - including a logistics facility in Heddesheim.

The properties are located in Hamburg, in the Rhine-Neckar region, in Hanover and in Nuremberg, important logistics hubs for the European supply chain infrastructure. This acquisition, one of Prologis' largest property investments in Germany, underscores the company's commitment to expanding its European portfolio in regions that are critical to long-term growth and customer success.

Motif 2: "Hanover" / ©UnionInvestment - The properties acquired by Prologis are located in key logistics hubs for European supply chain infrastructure - including Hanover.

"This acquisition emphasises the importance of Germany as a central location for connecting global supply chains," says Björn Thiemann, Senior Vice President, Regional Head Northern Europe at Prologis. "It expands our capacity to better fulfil the needs of our customers and drive growth in key regions."

"We have used the high quality of our logistics property portfolio to expand our liquidity reserves in this challenging market environment through the sales and thus create room for manoeuvre for the further development of our portfolio," says Stephan Riechers, Head of Investment Management Logistics at Union Investment. "We are confident that Prologis, with its many years of experience and local expertise, will continue to develop this portfolio successfully."

A significant proportion of the space is let on medium to long-term leases, many of them to existing Prologis customers. Thanks to its local and regional teams, the logistics property company is ideally positioned to support its clients' business activities and growth plans.

Prologis plans to modernise the newly acquired properties to ensure that they meet high standards in terms of energy efficiency and operational resilience. The portfolio will be integrated into the Prologis European Logistics Partners (PELP) and the Prologis European Logistics Fund (PELF).

Commitment to the German economy and customers

With the new portfolio, Prologis' real estate holdings in Germany will now comprise 143 properties with a total area of around 3.4 million square metres - an increase of around 50% in the last five years. Since entering the market in 1999, Germany has become a core market for Prologis in Europe. in 2024, the German portfolio was 97.8% occupied.

"This investment demonstrates our confidence in Germany's role as a driver of innovation and growth in the European logistics market," concludes Björn Thiemann. "The newly acquired properties create an excellent basis for further growth and the long-term increase in the value of our portfolio."

Image 3: "Prologis property" / ©Prologis- Prologis has acquired around 380,000 square metres of high-quality logistics space from Union Investment, thereby strengthening its presence in key regions of Germany.

About Prologis

Prologis, Inc. is a global leader in the logistics property industry with a focus on hard-to-reach, high-growth markets. As of 31 December 2024, Prologis owned or had interests, on a consolidated basis or through unconsolidated joint ventures, in properties and development projects with an expected total of approximately 120 million square metres of space in 20 countries. Prologis leases modern distribution facilities to around 6,500 customers from various industries - particularly in the B2B and retail/online fulfilment sectors.

Media contact
Maria Mateen
External Communications Manager Northern Europe, Prologis
mmateen@prologis.com
+31 20 655 1958

Ina Schmaloske
Senior PR Consultant, STROOMER Communications
Ina.schmaloske@stroomer.de
040 85313324