ProLogis Leases 128,000 Square Feet of Its Development Portfolio in the United Kingdom
September 30 2009 - 7:00AM
PR Newswire (US)
- Company Signs Agreement With Leading Luxury Goods Group at
ProLogis Park Stafford - BIRMINGHAM, United Kingdom, Sept. 30
/PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global
provider of distribution facilities, announced today it has signed
a lease agreement during the third quarter for a newly developed,
128,000 square-foot distribution facility in the United Kingdom
with WWRD UK Ltd. (WWRD), a leading luxury goods group that owns
and operates the Waterford Crystal, Wedgwood and Royal Doulton
brands. WWRD will occupy Building Two at ProLogis Park Stafford,
located in the West Midlands. The new ProLogis customer will use
the facility as its European distribution hub, distributing
products to all regions throughout the continent. Andrew Griffiths,
UK managing director at ProLogis commented, "WWRD Holdings is a
worldwide operation famous for its highly prestigious brands. We
are very pleased to have completed this transaction with such a
significant new customer, which has its roots firmly planted in the
Staffordshire region." ProLogis Park Stafford comprises three
buildings and approximately 903,000 square feet of distribution
space. The park is conveniently located near major highways,
including the M6, and is an ideal location for both regional and
national distribution networks. Additional ProLogis customers at
the park include Screwfix, Culina and Altecnic. ProLogis is one of
the largest providers of distribution space in the UK with a
distribution portfolio totaling approximately 18.5 million square
feet. Other major customers in the country include Amazon.com,
Bosch-Siemens, Debenhams, DHL, GEFCO, Honda Logistics, Kuehne +
Nagel, Sainsbury's, Superdrug and Tesco. For more information about
ProLogis' UK portfolio, please visit http://www.prologis.co.uk/.
About WWRD Holdings Limited WWRD Holdings Limited is the leading
provider of luxury home and lifestyle products worldwide, sold
under a number of well-recognized brands, including Waterford,
Wedgwood, Royal Doulton, Royal Albert, Minton and Johnson Brothers.
WWRD Holdings maintains unique licensing arrangements with some of
the most high-profile innovators in the home and lifestyle market,
including Vera Wang, Jasper Conran, John Rocha, Monique Lhuillier,
Barbara Barry, Gordon Ramsay, Martha Stewart and Michael Aram. The
Company's products are distributed through premium department
stores and independent retailers and wholesalers around the world,
including in the United States, United Kingdom, Japan, Canada,
Australia and Ireland. WWRD Holdings employs more than 3,700 people
worldwide. About ProLogis ProLogis is a leading global provider of
distribution facilities, with more than 475 million square feet of
industrial space (44 million square meters) in markets across North
America, Europe and Asia. The company leases its industrial
facilities to more than 4,500 customers, including manufacturers,
retailers, transportation companies, third-party logistics
providers and other enterprises with large-scale distribution
needs. For additional information about the company, go to
http://www.prologis.com/. DATASOURCE: ProLogis CONTACT: Investors,
Melissa Marsden, +1-303-567-5622, , or Media, Mo Sheahan,
+1-303-567-5434, , both of ProLogis; or Suzanne Dawson of Linden
Alschuler & Kaplan, Inc., +1-212-329-1420, ; or UK Media, Terry
Druce of Druce PR, +44-1935-823-943, , both for ProLogis Web Site:
http://www.prologis.com/
Copyright
Prologis (NYSE:PLD)
Historical Stock Chart
From May 2024 to Jun 2024
Prologis (NYSE:PLD)
Historical Stock Chart
From Jun 2023 to Jun 2024