Prologis acquires five German logistics facilities

Prologis has expanded its German logistics portfolio by acquiring five modern facilities, totalling about 139,000 m2, from Union Investment. 

Prologis

These properties, located in high-demand areas like the Rhine-Ruhr and Frankfurt–Rhine-Neckar regions (including Dortmund, Bönen, Herne, and Worms), will be added to the Prologis European Logistics Partners (PELP) fund.
The acquisition targets Germany's tightest logistics markets, where vacancy rates for modern facilities hover around 2-3%. Most of the assets are relatively new (built 2016-2021), DGNB Gold certified, and feature high energy efficiency and clear heights over 12 meters. Prologis plans further investments to boost its sustainability and operational performance.
With all facilities fully leased, including four to existing Prologis clients, the acquisition underscores the strong demand for prime logistics space in Germany's key corridors.
Björn Thiemann, senior VP and regional head Northern Europe at Prologis, said: “Germany remains one of the most strategic and supply-constrained logistics markets in Europe. Land near major cities is scarce, which supports the long-term value of modern, sustainable logistics buildings. That’s why we focus on selective acquisitions and brownfield redevelopments, with which we bring underused sites back into use and improve the stock of well-located, efficient space in Germany’s core markets.”
Maximilian von Medem, investment manager Logistics DACH at Union Investment, commented: “The divestment of these high-quality logistics assets supports our ongoing portfolio development strategy, under which we carefully evaluate opportunities to maintain a focused and sustainable commitment. By transferring these properties to Prologis, an experienced market participant, we ensure that their existing potential will be managed knowledgeably and effectively. This transaction allows us to strengthen our long-term strategic priorities and remain flexible in responding to evolving market conditions.” 
The company has recently made several other significant investments in Germany, including acquiring about 500,000 m2of logistics assets in prime locations. This includes a 110,970 m2 brownfield site in Pforzheim slated for redevelopment. Additionally, Prologis announced plans to transform an existing 278,000 m2 brownfield site in Dortmund into a state-of-the-art logistics and business park, aiming for DGNB Platinum certification.
In the last five years alone, its German portfolio, including this latest acquisition, has expanded by approximately 50%. Furthermore, Prologis' German properties maintained an average occupancy rate of about 98% throughout 2023.