On July 17th, Netrada acquired about 110,000 sqm of space from the City of Hanover. The first construction phase will be comprised of approx. 50,000 sqm of floor space expected to commence operations in the first half of 2014. Expansion rights for new buildings, including constructing administrative premises, remain an option. NETRADA is investing already more than 50 million euros in the location “Hanover Trade Fair” in the first phase providing long-term employment for at least 1,000 additional employees. To manage the seasonal peak times in eCommerce fashion, further temporary jobs will be added.
“The new location is necessary for Netrada, in order to handle the expected growth of our eCommerce partner. We will invest significantly in this location over the next years in order to offer the Netrada clients optimal eFulfillment processes with state-of-the-art technology,” remarked Joachim Reinhardt, Netrada Group’s CEO.
“We are delighted to have acquired a suitable space in Hanover and grateful for the support of the City of Hanover, the “Deutsche Messe AG” and the federal state of Lower Saxony.”
Netrada, an exclusive eCommerce partner of renowned fashion and lifestyle brands, is a growing, international company with locations in Europe, North America and Asia employing over 2,500 employees worldwide. Since its founding in 1997, Netrada has several locations in the Hanover region.
Netrada develops and implements international full service eCommerce solutions in Europe, North America and Asia focusing on fashion and lifestyle.
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