Prologis Inc. has signed two build-to-suit agreements totaling 244,000 ft² (approx. 22,600 m²) in Europe.
The agreements include:
• A 123,000 ft² (11,400 m²) facility at The Bridge in Dartford, UK, with SEM, a high-tech manufacturing group. The Bridge is a 264-acre joint venture development between Prologis and the Dartford Borough Council. The facility is designed to achieve a minimum BREEAM 2011 'very good' accreditation and the best Energy Performance Certificate rating possible for its size; and
• A 121,000 ft² (11,200 m²) logistics facility at Prologis Park Szczecin with Prime Cargo, a Danish third-party logistics company. Located at the center of the motorway network in northwest Poland, the new building will serve as a distribution center for Prime Cargo's customers in Scandinavia.
"The limited supply of high-quality logistics facilities is driving build-to-suit requirements in Europe," said Philip Dunne, president, Prologis Europe. "Our well-located land bank enables us to continue meeting our customers' immediate distribution needs in a variety of markets across the region."
Prologis is the leading provider of industrial real estate in Europe, with approximately 149 million ft² (13.9 million m²) of logistics and distribution space as of December 31, 2013.
Source: Prologis
