ProLogis announces that it has signed new lease agreements totaling 84,500 m² at two major distribution parks in Europe with Kuehne + Nagel, a leading global logistics provider and one of ProLogis' multi-continent customers.
The first lease, totaling 50,200 m², is for space at ProLogis Park Wellingborough, a 1.15 million-ft² distribution park located in England's East Midlands area. Kuehne + Nagel plans to operate the facility on behalf of several clients including Whitbread plc, the U.K.'s largest hotel and restaurant company.
The second lease, totaling 34,400 m², is at ProLogis Park Isle d' Abeau, a 4.5 million-ft² distribution park located in the city of Lyon, France. Kuehne + Nagel operates the space as a multi-user site serving customers throughout southern France.
"ProLogis has one of the most geographically diverse platforms in the industry," said Gary Anderson, president of ProLogis in Europe. "We have the distinctive ability to meet our customers' strategic supply chain needs in more than 120 markets worldwide. The breadth of our portfolio, combined with our commitment to nurturing customer relationships, has been fundamental to supporting continued leasing activity in our inventory space throughout Europe."
ProLogis Park Wellingborough is located in the East Midlands, a top UK distribution location. The park comprises three fully-occupied facilities and offers strategic access to several major highways including the A14, A45 and M1. Other customers at the park include Monsoon Accessories and Homebase.
ProLogis Park Isle d' Abeau in France is located 10 minutes from the Lyon international airport, 20 minutes from central Lyon and 30 minutes from Grenoble. The park provides direct access to the A43 motorway and is in a prime location for distribution to Paris, Marseille, Milan and Barcelona via the A6/A7 motorway. ProLogis owns 16 facilities in the park.
Source: Porter Novelli