Toy retailer Smyths Toys builds logistics center near Hanover
The Irish toy retailer Smyths Toys Superstores has just turned the first sod for its new Northern European headquarters and logistics center, according to the business assistance agency Deltaland Wirtschaftsförderung mbH. An approx. 50,000 sqm logistics warehouse and office wing is currently being built on 10.7 hectares in the “A27Park Walsrode” commercial district. Bauwo Grundstücksgesellschaft from Hanover has acquired the land, and will construct the new building and let the property to Smyths. Approx. €40mn is to be invested in the project. Smyths took over the toy retail chain Toys “R” Us earlier this year.
Subscribers to our premium service have access to this article in full as well as to an additional 480,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.