AMB Property Corporation announced that it has fully leased a 30,500m[sup]2[/sup] facility at AMB Hausbruch Industrial Center in Hamburg to BSN medical.
AMB Property Corporation announced that it has fully leased a 30,500m2 facility at AMB Hausbruch Industrial Center in Hamburg to BSN medical.
The new lease, effective 1 July 2009, renews BSN medical's previous commitment to 19,500 m2, and increases its lease by 11,000 m2 of additional space.
'AMB adapted to market conditions in our management of this infill asset. We acquired the site as part of our AMB Hausbruch Industrial Center, with plans to demolish the building and develop a modern distribution facility in its place. However, we were able to meet the needs of a highly respected customer for 10 more years, and to significantly expand their leased space,' said Mo Barzegar, AMB's managing director, Europe.
Additionally, AMB has leased approximately 10,400 m2 with a cargo transportation company in AMB Altenwerder Distribution Center 1, a modern facility proximate to Hamburg's Container Terminal Altenwerder, the Altenwerder rail spurs and the A7 motorway, providing multimodal access to customers.
