X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PEINE, GERMANY- Meyer & Meyer Internationale Spedition, an Essen, Germany-based provider of logistics services to the fashion and textile industries, is having a 300,000-sf industrial facility developed here by ProLogis Trust. Construction will begin this month; completion is expected before the end of the year.

Meyer & Meyer signed a long-term lease for the space. In exchange, Denver-based ProLogis will build the facility to suit the company’s needs. Located along Germany’s Autobahn A2 motorway, the building will allow Meyer & Meyer to consolidate operations currently housed at a number of different locations in the area. It also will serve as a regional headquarters facility for the company.

“Our business has grown considerably over the last 10 years, and we now have an opportunity to improve operational efficiency through centralization and consolidation,” says Michael Meyer, managing director of Meyer & Meyer.

Meyer & Meyer specializes in logistics services for textiles. The company also provides logistics services to distributors of furniture, bicycles and other products. ProLogis has 4.2 million sf of industrial space owned, managed or under development in and around Cologne, Frankfurt, Hamburg, Munich, Stuttgart and other key markets.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.