Prologis Leases 753,000 Square Feet of European Development and Value-Added Acquisitions

San Francisco, – Prologis, Inc, the leading global owner, operator and developer of industrial real estate, today announced it has signed three new lease agreements in the company’s development and acquisition portfolios totaling more than 753,000 square feet (69,960 square meters) in the UK, France and Slovakia.

The agreements include:

  • A 345,000 square foot (32,000 square meter) build-to-suit facility for an international retailer at Meaux Business Park in the Paris market. The development can be expanded to more than 538,200 square feet (50,000 square meters) and offers direct access to Roissy-Charles de Gaulle Airport;
  • A 150,000 square foot (13,900 square meter) build-to-suit agreement with a major provider of sensor-based technologies. The facility will be located at Prologis Park Bratislava with direct access to Slovakia’s capital, the international airport, as well as major motorways; and
  • A 258,000 square foot (23,970 square meter) lease with a leading distributor of automotive parts at Prologis Tamworth 594 in the West Midlands, England. With this transaction, the recently acquired facility will be 100 percent leased.

“These transactions demonstrate the continued strengthening of demand for high-quality facilities in key European markets,” said Gary Anderson, CEO, Prologis Europe and Asia. “Our best-in-class portfolio and land bank provides our customers with access to these strategic trade centers while meeting their specific logistics needs.”

Prologis is the leading provider of industrial real estate in Europe, with approximately 145 million square feet (13.5 million square meters) of logistics and distribution space as of September 30, 2013.

About Prologis
Prologis, Inc., is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. As ofJune 30, 2013, Prologis, Inc. owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 563 million square feet (52.3 million square meters) in 21 countries. The company leases modern distribution facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.

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