Munich - BLG Logistics Group and developer Panattoni Europe have announced their intention to develop a new warehouse facility in Bremen.
The facility is to be constructed in Bremen's cargo transport center (GVZ), the largest GVZ area in Germany.
With a targeted completion date in the second half of 2014, the facility is to be a flexible modern warehouse with a floor space of approximately 27,000 square meters and another 1,600 square meters of office and social areas. This will be Panattoni's second project in Bremen in the last two years.
By deciding to stay in Bremen, BLG Automotive is expanding its presence in the area where the company already manages over 200,000 square meters of logistics space. With this new facility, BLG will be better able to serve its existing customers.
"We are very pleased to increase our capacity in Bremen. This facility will allow us to satisfy current demand coming from our existing client base as well as from new clients," said Frank Sturm, CEO of BLG Automotive GmbH & Co. KG.
BLG expects the facility will create approximately 200 new jobs locally.
"We are very pleased to support BLG with its facility requirements in Bremen. The recent development activity in the area highlights Bremen's importance as a logistics location, and we are happy to expand our business activity in the region," said Jason Bennett, Panattoni's Managing Director for Northern Europe. Panattoni intends to attain a silver certification from the German Sustainable Building Council (DGNB).
Munich-based Logivest GmbH acted as broker for the lease negotiations. Logivest specializes in the marketing of logistics properties across Germany.
Watson, Farley & Williams acted as legal counsel to Panattoni in the transaction.