Prologis acquires seven properties across major German logistics hubs
Düsseldorf, 28. Januar 2025 – Prologis has acquired a portfolio of seven logistics facilities in Germany from Union Investment, totaling approximately 380,000 square meters 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.
Prologis plans to modernize the newly acquired facilities, ensuring they meet high standards of energy efficiency and operational resilience. The portfolio will be integrated into the Prologis European Logistics Partners (PELP) and Prologis European Logistics Fund (PELF).
Commitment to German Economy and Customers
With the new portfolio, Prologis’ operations in Germany will encompass 143 properties with approximately 3.4 million square meters. After entering the market in 1999, the company has increased its footprint in Germany by 50% over the past five years, including this acquisition. In 2024, the company’s German portfolio was 97.8% occupied.
“We’re pleased to be making this investment, which reflects our confidence in Germany’s position as a key driver of logistics innovation and growth in Europe,” concludes Thiemann. “This addition to our portfolio provides an excellent platform for further development and to increase asset value.”
