Release Date: 06 October 2008
Release ID: 726
Kuehne + Nagel is further expanding its position in the Greater Hamburg area. Today, in the presence of Axel Gedaschko, the City’s Senator for Economics and Labour Affairs, the first sod was cut for a new warehousing and handling facility in Obergeorgswerder.
On a 120,000 sqm plot of land situated right at the motorway intersection Sued, Kuehne + Nagel is building a modern logistics centre which includes 45,000 sqm of warehousing and handling space. The investment amounts to around 50 million euro.
With this enhancement of its logistics infrastructure, Kuehne + Nagel is responding to the dynamic development of both its contract logistics and overland transport activities in the Greater Hamburg area and is consolidating these two business operations in one large-scale facility. Combining these activities at a single location allows for a reduction of empty trips and leveraging synergy potentials. The construction period is scheduled to last approximately one year. Among the 500 Kuehne + Nagel staff planned to be working in Obergeorgswerder by late summer 2009 there will be some 100 newly created jobs.
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