The demand for logistics real estate in the Benelux is high. Eemhaven, located in the Port of Rotterdam, is a key market. Over the past few years, Prologis expanded its portfolio of seven distribution centers at Eemhaven into one park by acquiring and renovating three facilities on neighboring plots.
Almost 30 years ago, a facility in Hamburg-Hausbruch was built for the microchip manufacturer Philips. The Philips subsidiary NXP Semiconductors later used the buildings briefly and vacated in the summer of 2010. In 2011, Prologis, which already owned two other logistics facilities at the location, bought the former Philips’ site to develop a new speculative facility.
Because we focus on sustainability, brownfield developments play a major role in the Prologis portfolio. These developments create new space with minimal impact on the environment. No new areas of soil are sealed; prior contaminants are removed; and the land is repurposed. Prologis Park Moissy 2 in France is one such development. The property was previously owned by PSA group. The car manufacturer used the facility as a storage center for spare parts, and Prologis had the opportunity to buy it.