PEPR leases more than 77,000 square metres in The Netherlands
(Thomson Reuters ONE) -
News release
ProLogis European Properties leases more than 77,000 square metres in The
Netherlands
Luxembourg - 13 April 2010 - ProLogis European Properties (Euronext: PEPR), one
of Europe's largest owners of modern warehouse distribution facilities, today
announces that it has signed two lease agreements totalling 77,500 square metres
of distribution space in The Netherlands.
The first lease, with Samsung Electronic Europe Logistics at ProLogis Park
Tilburg in the Noord-Brabant
province, covers 56,700 square metres and runs for a new fixed term of seven
years from January 2010. Samsung was already operating from this location via
third party logistics supplier DHL, which leased the building from August 2002.
The second lease has been signed with a global leader in supply chain services
for 20,800 square metres, which were previously vacant, at ProLogis Park Venlo
in the Limburg province. The company already occupied c. 20,000 square metres at
ProLogis Park Venlo. The new agreement, which will run for a five year period
with no lease breaks, will consequently double its amount of space there.
Mr Wilco Koers, senior logistics manager for Samsung Electronic Europe Logistics
commented: "We are delighted to have now signed a direct lease agreement with
PEPR. Having provided us with an outstanding level of service over a number of
years, it made sense for us to work directly with PEPR when we reviewed our
logistics process. In addition to the high quality of the PEPR buildings and the
prime location of ProLogis Park Tilburg, we were impressed with the local
knowledge and advice that the team was able to provide in helping us to find the
most efficient supply chain solution."
Simon Nelson, head of asset management of PEPR said: "In the context of an
occupational market that we expect to remain challenging in 2010, we are pleased
that two such important customers have chosen to extend and expand their
partnerships with PEPR. Although our retention rates are down on last year's
record level, these agreements are testament to the strength of our existing
relationships and the quality of our well-located properties throughout the
Dutch and pan-European market place."
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, 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 of 96.1% and an average of 3.2
years to the next lease break or 5.3 years to lease expiry.
[HUG#1402716]
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Datum: 13.04.2010 - 03:00 Uhr
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