ProLogis Leases 341,000 Square Feet of Its Development Portfolio in France
October 08 2009 - 7:00AM
PR Newswire (US)
- ProLogis Signs Agreements with Three Customers, Including Geodis
and Transport Breger - PARIS, Oct. 8 /PRNewswire-FirstCall/ --
ProLogis (NYSE:PLD), a leading global provider of distribution
facilities, announced today it has leased a total of 341,000 square
feet (31,700 square meters) during the third quarter to three
customers in France. "Our customers throughout southern Europe
continue to seek large, modern and efficient distribution
facilities to improve the effectiveness of their distribution
networks," said Ranald Hahn, managing director for ProLogis in
southern Europe. "ProLogis is well positioned to capture new
business because we have available, high-quality distribution space
throughout the region, and we are highly focused on our customers'
individual needs. We are pleased to sign new lease agreements with
three customers." Recent activity included transactions in
ProLogis' development portfolio with: -- Geodis, a third-party
logistics and international transport provider and subsidiary of
SNCF (French Railway), which has signed a lease agreement for
136,000 square feet (12,600 square meters) of newly developed
distribution space at ProLogis Park les Portes de Vemars. The
distribution facility is located approximately 18 miles (30
kilometers) north of Paris with direct access to the A1 motorway.
This is the 20th lease between ProLogis and Geodis, which now
occupies approximately 3.3 million square feet (310,700 square
meters) of ProLogis distribution space throughout Europe. "We have
consistently turned to ProLogis when the need arises for modern,
well-located distribution space," said Claude Coperet, operational
director for Geodis in France. "Geodis is proud to offer its
customers comprehensive distribution services, and locating at this
facility will enable us to continue to provide that added business
value." -- Transport Breger, a third-party logistics provider based
in Paris, which has signed a lease agreement for 67,000 square feet
(6,200 square meters) of newly developed distribution space at
ProLogis Park Rennes. The facility is positioned along the N157
national road within Zone d'Activites du Haut Montigne, a special
business zone located approximately 22 miles (36 kilometers) east
of the city of Rennes. -- A leading manufacturer and retailer,
which has signed a lease agreement for 139,000 square feet (12,900
square meters) at ProLogis Park Clesud, one of ProLogis' largest
distribution parks in southern France totaling 2.4 million square
feet (224,000 square meters) across nine buildings. The
distribution park enables rapid access to multiple freeways,
including the A54, A9, A7 and A8, and is one of only a few in the
region able to accept train freight. The company is an existing
ProLogis customer and now occupies approximately 770,000 square
feet (71,500 square meters) of ProLogis distribution space in
France and the United States. ProLogis' portfolio of properties in
France comprises more than 25 million square feet (2.34 million
square meters) of space owned, managed or under development as of
June 30, 2009. 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: Media, Mo
Sheahan of ProLogis, +1-303-567-5434, , or Suzanne Dawson of Linden
Alschuler & Kaplan, Inc., +1-212-329-1420, ; or Investors,
Melissa Marsden of ProLogis, +1-303-567-5622, Web Site:
http://www.prologis.com/
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