Jago will have the largest logistics facility in Germany
Panattoni Europe, a logistics real estate developer as well as investor, will develop the largest logistics facility in Germany. It has been awarded this contract by Jago AG, one of the largest ecommerce companies in Germany. The entire project is due to be completed in August 2017.
The new logistics center will be 120,000 square meters big and will be built in the Industriepark Rurtal near Hückelhoven. There is a total area of 200,000 square meters. The distribution center will be used by Jago AG. This Stuttgart-based ecommerce company produces and sells a wide catalogue of products across Europe. It sells products in the categories ‘House’, ‘Hobbies’ and ‘Family’ online via Jago24.de.
‘Lighthouse project for the German logistics real estate market’
Panattoni Europe will not only develop the facility, it also invests “a sum in the high double-digit million-euro range” in the construction of this logistics center. “It’s the lighthouse development for the Industriepark Rurtal and at the same time with its dimensions also a lighthouse project for the logistics real estate market in Germany”, managing partner Fred-Markus Bohne tells Freightweek. He also says that for JAgo, the new facility provides maximum flexibility, allowing for any modifications in logistical processes. “The halls can be divided into twelve sections and thus offer optimal conditions for various secondary uses.”
It’s a very big project, due to the size of the logistics facility. That’s why construction takes places in four stages. The entire project is due to be completed in two years. But when that’s done, Jago can finally extend its international ecommerce business. “A larger, modern logistics facility is necessary for our expansion course”, says CEO and founder Goran Jakovac. As a result their customers will benefit from even faster delivery times, he says.
800 new jobs
On the official city website, Hückelhoven goes on about how it’s a great day for the German city, as well as for their citizens. Mayor Bernd Jansen is especially happy with the fact the new project will lead to 800 new jobs in the region.