TILBURG, The Netherlands—Prologis, Inc. has signed a 269,100 square foot (25,000 square meter) build-to-suit agreement in the Netherlands with Coolblue, one of the largest online retailers in the Benelux.
The new facility will be located at Prologis Park Tilburg, a 1.9 million square foot (173,400 square meter) master-planned industrial park in the main logistics hub in Tilburg. The park has additional build-out potential of 807,300 square feet (75,000 square meters). With this agreement, the park is 100% leased.
"We have achieved revenue growth of more than 40% over ten quarters," said Coolblue CEO Pieter Zwart. "Ordered today means delivered today. This new facility will help us to maintain our high level of customer service and meet our growth needs."
"The park is ideally located for regional distribution and the rapid delivery of goods," said Bram Verhoeven, senior vice president, country manager, Prologis Benelux. "We are pleased to expand this important relationship and accommodate Coolblue's growing business in the Netherlands."
Prologis is the leading provider of industrial real estate in the Benelux, with approximately 16 million square feet (1.5 million square meters) of logistics and distribution space as of June 30.