Prologis expands investment in logistics market

Prologis has acquired a portfolio of seven logistics facilities in Germany from Union Investment, totalling approximately 380,000 square metres of prime logistics space.

The facilities are located in Hamburg, the Rhine-Neckar region, Hanover, and Nuremberg, key logistics hubs for Europe’s supply chain infrastructure. This acquisition, one of Prologis’ largest real estate investments in Germany, reinforces the company’s commitment to expanding its European portfolio in regions critical to long-term growth and customer success.

“This acquisition underscores Germany’s importance as a logistics cornerstone, connecting global supply chains,” said Björn Thiemann, Senior Vice President, Regional Head Northern Europe at Prologis. “It strengthens our ability to meet customer needs and drive growth in key regions.”

“We leveraged the high quality of our logistics real estate portfolio to boost our cash reserves via sales in a market environment that remains challenging, thereby creating opportunities for developing our portfolio going forward,” said Stephan Riechers, Head of Investment Management Logistics at Union Investment. “With Prologis’ proven track record and local expertise, we are confident that this portfolio will continue to thrive under their stewardship.”

A substantial portion of the space is under medium- to long-term leases, many with existing Prologis customers. With its local and regional teams in Germany, Prologis is able to support their businesses operations and growth aspirations.

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