ProLogis to develop 12,700 m² for Rip Curl in Southwest France (FR)

ProLogis announces that it will build a new, 137,000-ft² (12,700-m²) industrial warehouse in southwest France for Rip Curl, a leading global provider of equipment and apparel for the surfing and mountain communities.

The state-of-the-art facility will be developed on land recently acquired by ProLogis in the city of St. Geours de Maremne in the southwestern region of France. Australia-based Rip Curl plans to use the facility to distribute its complete range of products to its network of retailers throughout Europe.

In addition, the facility is set to have a 250 kilowatt solar array installed on the roof. ProLogis plans to sell the power generated by the solar panels, which will generate an estimated 275,000 kilowatt hours (kWh) of renewable energy per year, back to the local French utility. Construction on the building is scheduled for the first half of 2009.

"We're extremely pleased to announce this new agreement with Rip Curl at our first facility in the southwest of France," said Ranald Hahn, managing director for ProLogis in northern Europe. "This region, which has long been known for its tourism and surfing culture, is developing into a strategic location for logistics due to the growing number of retail companies establishing operations in the area. The site also is ideal because it provides optimum solar irradiance for our latest solar installation, which will be our fourth in Europe. We look forward to delivering the facility to Rip Curl, and to serving as the developer of choice in this region for the long term."

Rip Curl's new facility is located along France's A63 motorway, 150 kilometers south of Bordeaux and 80 kilometers west of the Spanish border. The building is expandable by 64,500 ft² (6,000 m²); ProLogis also has the option to purchase land immediately adjacent to the site, which could extend the facility another 129,000 ft² (12,000 m²).

Source: Porter Novelli

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