ProLogis leases 31,700 m² of its development portfolio in France (FR)

ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has leased a total of 341,000 ft² (31,700 m²) 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 ft² (12,600 m²) 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 m²) 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 ft² (6,200 m²) 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 ft² (12,900 m²) at ProLogis Park Clesud, one of ProLogis' largest distribution parks in southern France totaling 2.4 million ft² (224,000 m²) 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 ft² (71,500 m²) of ProLogis distribution space in France and the United States.

    ProLogis' portfolio of properties in France comprises more than 25 million ft² (2.34 million m²) of space owned, managed or under development as of June 30, 2009.

    Source: ProLogis
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