AMB Takes Fully-Leased Distribution Center in The Netherlands
- Jan 09, 2008
Stepping up its presence in The Netherlands, one of the top logistics and distribution hubs in the world, AMB Property Corp. has acquired a 100 percent occupied, 560,000-square-foot industrial facility in Tilburg. The San Francisco-based industrial real estate company has renamed the 100 percent-occupied facility AMB Tilburg Distribution Center 1. Tilburg has become a leading logistics hub abroad, providing convenient access to the Dutch distribution market, as well as to other regions of Europe. With a location off A58 motorway, one of the most vital transportation corridors in The Netherlands, AMB Tilburg sits within easy reach of Amsterdam, Rotterdam and Belgium. The property is home to top technology distributor Ingram Micro, and marketing and logistics company Walsh Western International. AMB is no stranger to The Netherlands; the company made its first foray into the region four years ago and presently offers approximately 3 million square feet there. Among its holdings are the 149,000-square-foot Douglassingel Distribution Center in Amsterdam and the multi-structure AMB Fokker, also located in Amsterdam. AMB, as of the close of the third quarter of 2007, has a portfolio of owned and partially owned assets totaling nearly 141 million square feet of high throughput distribution facility space in 13 countries. The company invests primarily in properties in the infill markets of major hub and gateway locales in North America, Europe and Asia. AMB stock opened today at $50.64.