ProLogis, a leading global provider of distribution facilities, has signed new fourth-quarter lease agreements in Europe totaling approximately 378,000 ft² (35,100 m²) 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 ft² (9,700 m²) 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 ft² (7,500 m²) 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 ft² (6,300 m²) 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 ft² (58,000 m²) - becomes fully occupied following its recent completion in July 2009.
-- 67,000 ft² (6,200 m²) 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 ft² (5,400 m²) 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.