European online distributor of printer cartridges and toners, Media-Concept Bürobedarfhas, agreed a pre-let with Prologis for a 58,125 sq ft warehouse at Prologis Park Augsburg, in Germany.
In total, the logistics park covers an area of 1 million sq ft; 530,000 sq ft is dedicated to distribution and storage space, divided into three distribution centres used by different customers. Construction of the new facility began in October 2015 with completion expected in the first quarter of 2016.
“Our new customer Media-Concept appreciates the much-needed expansion opportunities and operational optimisation that Prologis Park Augsburg offers, which was no longer available at the existing location in Munich,” said Sascha Petersmann, Prologis vice president, market officer Southern Germany, Austria, Switzerland. “The construction of multiple logistics units allows us to respond to current business developments in a flexible manner.”
Prologis has customised the new facility to customer requirements. The development is located by the freight hub of Augsburg, with links to the A8 motorway and the main roads B2 and B17. The DHL freight infrastructure is only a few minutes away by car.
“Short distribution channels are particularly important for us. Without our reliable, fast-delivery service, we would not be the leading specialist in online distribution of printer cartridges and toners on the European market”, explained Sebastian Köhler, managing partner at Media-Concept Bürobedarf GmbH.
Colliers International Munich acted as a broker in the deal.