Cologne: Alcaro building 11,000 sqm for city logistics
Alcaro Invest will be starting construction of an 11,000 sqm logistics facility in Cologne-Poll (Poll-Vingster-Straße 126-128) this year. The purchase of a 20,000 sqm vacant lot was brokered by Greif & Contzen. There is still a storage building from the 1970s on the site, which Alcaro intends to demolish in Q2. The new structure called “Log Plaza Colonia” is to be completed by 2020 and be used for city logistics, among other purposes. Possible tenants might be e-commerce and retail companies. Alcaro sold its first “Log Plaza” property in Cologne’s Ossendorf district to Invesco a year ago.
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