AMB Leases in Germany – Analyst Blog

AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently leased approximately 191,400 square feet of its development portfolio in Hamburg, Germany. The unnamed lessee – a leading forwarding and logistics provider, would occupy the space in AMB Hausbruch Industrial Center.

 

The leased facility is strategically located at close proximity to the Port of Hamburg and has easy access to interstate highways, which connect Hamburg with the Rhine-Ruhr region – the most densely populated and industrialized area of the country. In addition, the leased property has all the state-of-the-art facilities and serves as a role model for industrial development in the region, which is forecasted to have increased port traffic in 2010.

 

AMB is a leading industrial real estate company, with a strong portfolio of warehouses and distribution facilities in some of the busiest distribution markets of the globe. The company’s properties are located in supply-constrained infill markets at close proximity to airports, seaports, and ground transportation facilities, which enable swift distribution of customers’ products.

 

AMB operates as a vertically integrated company and enjoys large economies of scale through an extensive knowledge of domestic and international industrial real estate markets. By the end of the first quarter of 2010, the company had over 14 million square feet of operating and development facilities in Europe, out of which 3.8 million square feet were located in Germany.