"We selected ProLogis Park Hunxe for its central position in Europe, access to highly skilled workforce and good connections to inland waterway, rail and highway networks," says Andreas Bunz, managing director of LGI, in a statement. "Our new space will enable us to optimize our European supply chain by providing quicker access to our current customer base and reducing transport time from container to warehouse."
The property--located at Werner-Heisenberg-Strasse , 46569 Hnxe (Nordrhein-Westfalen)--is just off the A3 highway. LGI is signing a long-term lease with ProLogis for the space.
LGI is a joint venture between Hewlett-Packard Germany and the Willi Betz Group. ProLogis negotiated the lease, but would not comment on the terms to GlobeSt.com.
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