Prologis completes sale in Germany
Prologis, a provider in logistics real estate, is selling five assets in Germany covering more than 157,000 sqm. The portfolio comprises assets in Bad Hersfeld, Borken, Bremerhaven, Hassfurt and Neunkirchen. “The sale of these assets will enable us to further optimise our position in the German market,” says James Quill, Prologis Europe's transactions director.
“This move underscores our commitment to streamlining our portfolio and creating superior value for our customers and investors,” he added. The US investment management company JLL acted as a broker for the seller. (mw)