PEPR leases 14,600 square metres of distribution space in The Netherlands
(Thomson Reuters ONE) -
This press release is not an offer of securities for sale, or the solicitation
of an offer to buy securities, in the United States or elsewhere. The securities
mentioned in this press release have not been and will not be registered
pursuant to the US Securities Act of 1933, as amended. They cannot be offered or
sold in the United States absent registration or an exemption from registration.
No public offer of the securities has been or will be made in the United States
or elsewhere.
This press release may contain certain forward-looking statements. These
forward-looking statements involve certain risks and uncertainties that could
cause actual results to differ materially from those indicated in such
forward-looking statements. The company assumes no obligation to update any
forward-looking statement contained in this press release.
News release
ProLogis European Properties leases 14,600 square metres
of distribution space in The Netherlands
Luxembourg - 17 February 2010 -ProLogis European Properties (Euronext: PEPR),
one of Europe's largest owners of modern warehouse distribution facilities,
today announces that it has completed a new lease agreement for 14,600 square
metres at Schiphol DC4 in The Netherlands to GE Energy Europe, one of the
world's leading suppliers of power generation and energy delivery technologies.
The new five-year lease agreement has the option to extend for a further five
years.
Arnaud Gras, Transaction Leader - Southern Region, GE Capital commented: "We are
delighted to have signed this new lease agreement with PEPR as we seek the most
flexible, cost effective solutions to our supply chain needs across Europe.
Schiphol is a prime distribution location for us and we were very impressed by
the package of high quality, modern facilities and top level management
expertise that PEPR was able to offer."
Simon Nelson, head of asset management of PEPR said: "This agreement reinforces
our position in the Dutch market, where our strategically located distribution
facilities provide an excellent platform for trade across Europe. We are excited
to be adding GE Energy to our portfolio of clients in Europe. Following the
recent extension of our lease with DSV on 13 749m², our occupancy in the
Schiphol market remains at almost 100%''.
The transactions were completed on behalf of PEPR by ProLogis (NYSE: PLD),
manager of the PEPR portfolio.
-Ends-
For further information, please contact:
Investor relations
ProLogis European Properties
Jennifer van der Eem
+44 207 518 8708
jvandereem(at)prologis.com
Media
M:Communications
Ed Orlebar / Charlotte McMullen
+44 20 7920 2323 or 7920 2349
orlebar(at)mcomgroup.com
About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, is one of the largest pan-European owners
of high quality distribution and logistics facilities.PEPR was established in
1999 as a closed-end, real estate investment fund, externally managed by a
subsidiary of ProLogis (NYSE: PLD), a leading global provider of industrial
distribution facilities. In September 2006, PEPR was listed on Euronext
Amsterdam.
As at 31 December 2009, PEPR has a portfolio of 232 buildings, covering 4.9
million square metres in 11 European countries, with a market value of ?2.8
billion. The portfolio has an occupancy level of96.1% and an average of 3.2
years to the next lease break or 5.3 years to lease expiry.
[HUG#1385171]
Press release (PDF): http://hugin.info/139145/R/1385171/343893.pdf
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 17.02.2010 - 03:01 Uhr
Sprache: Deutsch
News-ID 1010503
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Luxembourg
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 191 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"PEPR leases 14,600 square metres of distribution space in The Netherlands
"
steht unter der journalistisch-redaktionellen Verantwortung von
ProLogis European Properties (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
