ProLogis European Properties agrees Polish lease extension and expansion with Delta Plus Group (LU/PL)

ProLogis European Properties, Europe's largest owner of modern warehouse distribution facilities, has announced that it has extended a 4,500-m² lease in Sosnowiec with Delta Plus Group for an additional 16 months to August 2012 at the passing rent and finalised a new lease for another 3,800 m² in the same facility to the new maturity date at current market rents.

Delta Plus Group, a worldwide leader in the manufacture and distribution of personal protective equipment, now occupies a total 8,300 m² of distribution space at ProLogis Park Sosnowiec.

Simon Nelson, Head of Asset Management of PEPR said: "We are pleased to be able to expand our relationship with Delta Plus Group following their successful business development. This transaction demonstrates our focus on customer service and the demand for modern, efficient warehouse space in the right location."

The transactions were completed on behalf of PEPR by ProLogis (NYSE: PLD), manager of the PEPR portfolio.

Source: M:Communications

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