German supermarket chain Rewe is set to build a new €80m logistics center in Koblenz, central Germany. Two banks, including KfW Ipex-Bank, will finance the project with €58m. The new logistics center will supply stores in Rheinland-Pfalz and Nordrhein-Westfalen. Rewe recently unveiled plans to invest €1.7bn into the modernization of its markets. With 211,000 employees worldwide, the Cologne-based Rewe operates more than 15,000 stores.
