State-backed logistics company to build €18mn warehouse
A Luxembourg state-backed logistics company is set to build a new €18 million warehouse and distribution centre next to the airport's cargo centre.
Warehouses With Brains (WDP) – a joint venture between the Luxembourg state and a private Belgian business – has already rented half of the new 15,000 square metre warehouse to German logistics company DB Schenker. WDP was created with the purpose of building and renting warehouses to logistics service providers or shippers interested in renting big surfaces.
The budget for the project is set at more than €18 million with the other half of the warehouse yet to be leased to any company.
DB Schenker has been in the Grand Duchy since 1989, and is set to create around a hundred new jobs when it begins working in the new WDP warehouse in Contern.
The new distribution centre will open its doors by the end of 2021, and DB Schenker will move from its current base in Leudlange. The company has committed to renting the warehouse space for ten years.
Logistics is considered a priority domain for diversifying Luxembourg's economy away from a dominant financial centre. The sector employs around 13,000 people in the country.
(Additional reporting by Patrick Jacquemot)
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