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The seller is the Zweckverband Interkommunales Gewerbegebiet Mittl. Fuldatal of the cities and communities Felsberg, Malsfeld, Melsungen, Morschen, Spangenberg, it was agreed not to disclose the purchase price. In the Dr. Reimer Straße 3, 14,200 square meters of logistics space will be created for GEODIS by 2020 - the building application for this has already been applied for. The logistics company GEODIS is thus supplementing its existing rental space on site at SEGRO of 20,000 square meters. With the expansion, GEODIS intends to further expand its 3PL business at the site.

After completion of the new space, SEGRO will have 46,000 square meters of rental space in Malsfeld.

"The acquisitions allow us to continue growing locally and thus strengthen our position in the geographical center of the German market," says Nils Mutzke, Development Manager at SEGRO.

“We are very pleased about the cooperation with SEGRO. The expansion is part of GEODIS' long-term growth strategy to further expand the contract logistics business in Germany and thus strengthen our competitive position in the region," explains Jens Happe, Managing Director of GEODIS' contract logistics division in Germany. “Integrated into the global GEODIS network, we offer our regional and international customers a wide range of services at the logistics location in Malsfeld. This ranges from warehouse and distribution management to supplying industrial production lines.”

The SEGRO Logistics Center Malsfeld is strategically located on the A7 (0.5 kilometers). The A5 (40 kilometers) and the A49 (12 kilometers) as well as federal highway 83 are also easy to reach thanks to excellent connections.

About SEGRO

SEGRO is a listed industrial real estate group from Great Britain and a market-leading owner, manager and developer of modern logistics and commercial real estate. SEGRO owns and manages over 7.8 million square meters of rental space with a value of over 12.8 billion euros and is a service provider for customers from a wide variety of industries. The properties owned and managed by SEGRO are in close proximity to major metropolitan areas and major transport hubs in the UK and eight other European countries.

About GEODIS

GEODIS is a leading global transportation and logistics company, recognized for its commitment to solving its customers' logistical challenges. GEODIS impresses with its five business areas (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express and Road Transport), its direct presence in 67 countries and a global network in more than 120 countries. The company ranks first in France, fourth in Europe and seventh in the world among logistics service providers. In 2018, GEODIS had more than 41,000 employees and generated sales of 8.2 billion euros. www.geodis.com

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