Delivery of AMB Fokker Logistics Centers 3 & 4A proximate to Amsterdam Airport Schiphol (NL)

AMB Property Europe B.V., an affiliate of AMB Property Corporation®, and AFBP C.V., owner and developer of the former Fokker industrial complexes in Schiphol-Oost, have announced that the development of AMB Fokker Logistics Centers 3 and 4A has been completed. This phase, which totals some 30,200 m², brings the total distribution space at AMB's Fokker Logistics Park to approximately 63,100 m², or 75% of the total planned development.

"With this development, AMB continues to accommodate growing customer demand by providing state-of-the-art facilities adjacent to Amsterdam Airport Schiphol," said Mo Barzegar, AMB's managing director, Europe. "As the third-ranked cargo airport in Europe, Schiphol continues to be a key target market in AMB's European investment strategy."

AMB Fokker Logistics Park is located within a five-minute

AMB Fokker logistics Park

drive of Amsterdam Airport Schiphol's southeast cargo terminals. The property, situated on the Fokkerweg, is proximate to the airport's main terminal and newest front line cargo operations. The location also provides excellent access to Amsterdam City Center and the A4 and A9 highway routes to Brussels, Paris, Rotterdam and Utrecht.

"AMB's Amsterdam airport-proximate operating portfolio is fully leased, which demonstrates customer demand for our product and validates our development program in this important market. Our development pipeline currently totals some 86,000 m². We look forward to welcoming customers into Fokker, and to meet demand for efficient sites that enable the rapid movement of goods through the supply chain," said Alfred Vos, senior vice president, director of development and operations, Europe.

The recently completed facilities are part of a 84,000-m², multi-phase development for AMB's Europe portfolio which was started in 2004 and is scheduled for completion in 2010. AMB is developing these buildings in a joint venture with AFBP CV - a cooperation between Delta Development Group, Koninklijke Volker Wessels Stevin and Reggeborgh Beheer. AMB Fokker Logistics Park offers secure premises for customers looking to expedite goods through the global supply chain.

AMB is a leader in the Amsterdam Airport Schiphol market with a portfolio of operating and development properties totaling approximately 122,300 m² adjacent to the airport. AMB also has approximately 53,200 m² of distribution space at the Port of Rotterdam.

Source: AMB

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