Prologis European Properties, one of Europe's largest owners of modern warehouse distribution facilities, announced on Tuesday that it has renewed a 12,000 m[sup]2[/sup] lease with one of Europe's leading fashion retailers. The lease agreement is a 10-year renewal, to February 2019, at current market rents at Prologis Logistic Park Muggensturm near Stuttgart.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
