ProLogis Leases 378,000 Square Feet in Europe
November 30 2009 - 7:00AM
PR Newswire (US)
- Company Announces Development Portfolio Leases With Five New
Customers - AMSTERDAM, Nov. 30 /PRNewswire-FirstCall/ -- ProLogis
(NYSE:PLD), a leading global provider of distribution facilities,
announced today it has signed new fourth-quarter lease agreements
in Europe totaling approximately 378,000 square feet (35,100 square
meters) in its development portfolio. "We are very pleased to
announce continued leasing activity in our European portfolio,"
said Philip Dunne, ProLogis president in Europe. "We are seeing
signs of stabilization in the market, and with well-located,
high-quality and modern distribution space throughout Europe,
ProLogis is positioned well to both capture new business and
continue to serve the ongoing needs of our customers." Recent
activity included: -- 104,000 square feet (9,700 square meters)
leased to a leading German retailer with operations in 25 countries
worldwide. The new ProLogis customer will occupy the space at
ProLogis Park Neuenstadt Building One, located in southwestern
Germany in the trade and industrial park of Unteres Kochertal
(GIK), in the city of Neuenstadt. -- 81,000 square feet (7,500
square meters) leased to Plenty Market, a retailer of general
consumer products. The new ProLogis customer will occupy the space
at ProLogis Park Bologna, located 10 miles (15 km) southeast of
Bologna, Italy. -- 68,000 square feet (6,300 square meters) leased
to a third-party logistics provider. The new ProLogis customer will
occupy the space at ProLogis Park Clesud Building Seven, located in
southern France. With this transaction, the facility - totaling
624,000 square feet (58,000 square meters) - becomes fully occupied
following its recent completion in July 2009. -- 67,000 square feet
(6,200 square meters) leased to Honold International, a third-party
logistics provider that serves customers in 22 locations throughout
Germany, Romania, Russia, Slovakia and China. The new ProLogis
customer will occupy the space at ProLogis Park Augsburg Building
Two, located in southern Germany near the city of Munich. -- 58,000
square feet (5,400 square meters) leased to Euro Freight Logistics,
a third-party logistics provider. The new ProLogis customer will
occupy the space at ProLogis Park Sochaczew Building Five, located
near Warsaw, Poland. ProLogis is Europe's leading provider of
industrial and distribution space with a 124.9-million-square-foot
(11.6-million-square-meter) portfolio owned, managed or under
development in 13 countries. 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, +1-303-567-5434, , or Investors,
Melissa Marsden, +1 303-567-5622, , both of ProLogis; or Suzanne
Dawson of Linden Alschuler & Kaplan, Inc., +1-212-329-1420, ,
for ProLogis Web Site: http://www.prologis.com/
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