califax
15 years ago
ProLogis to Host First Quarter 2010 Financial Results Webcast and Conference Call
Date : 03/22/2010 @ 5:15PM
Source : PR Newswire
Stock : Prologis (PLD)
http://ih.advfn.com/p.php?pid=nmona&article=42074824&symbol=PLD
ProLogis to Host First Quarter 2010 Financial Results Webcast and Conference Call
PR Newswire
DENVER, March 22
DENVER, March 22 /PRNewswire-FirstCall/ --
ProLogis (NYSE: PLD), a leading global provider of distribution facilities, will host its First Quarter 2010 Financial Results Webcast and Conference Call with senior management to discuss quarterly results, current market conditions and future outlook on Thursday, April 22, 2010, at 10:00 a.m. Eastern Time.
Earnings Release
ProLogis' first quarter 2010 financial results will be released on Thursday, April 22, 2010, before market open and will be available on the ProLogis website, http://ir.prologis.com, in the "Annual & Supplemental Reports" section.
Earnings Webcast and Conference Call
Interested parties are encouraged to access the live webcast by clicking the microphone icon located near the top of the opening page on the ProLogis website at http://ir.prologis.com. Interested parties can also participate via conference call by dialing (866) 305-2304 domestically or (660) 422-4873 internationally.
Replay Information
A replay of the conference call will be available after 1:00 p.m. Eastern Time on Thursday, April 22, 2010. The replay will be available until midnight Eastern Time on Thursday, May 6, 2010, and can be accessed by dialing (800) 642-1687 domestically or (706) 645-9291 internationally and entering the passcode 64192810. A transcript of the call and the webcast replay will be available in the "Quarterly Results" section on the ProLogis website.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,400 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com.
Follow ProLogis on Twitter: http://twitter.com/ProLogis
SOURCE ProLogis
califax
15 years ago
ProLogis Intends to Increase Ownership Stake in ProLogis European Properties
Date : 02/16/2010 @ 2:05AM
Source : PR Newswire
Stock : (PLD)
http://ih.advfn.com/p.php?pid=nmona&article=41544652&symbol=PLD
DENVER, Feb. 16 /PRNewswire-FirstCall/ --
ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that it intends to purchase additional Ordinary Units carrying voting rights of ProLogis European Properties, a Luxembourg closed-ended investment fund (Euronext: PEPR), in the open market or in privately negotiated transactions. ProLogis currently holds approximately 24.8 percent of PEPR's outstanding Ordinary Units.
"In our view, PEPR's Unit price does not fully reflect the significant progress made over the past 14 months to manage through the downturn," said Walter C. Rakowich, ProLogis chief executive officer. "During this time, we have worked diligently to strengthen PEPR's financial condition, maintain PEPR's strong occupancy and optimize the earnings power of its high quality assets. We will continue to manage PEPR in a way that maximizes value, and we intend to increase our ownership, as we believe PEPR Units represent an attractive investment opportunity for ProLogis."
At this time, ProLogis does not intend to increase its equity ownership of PEPR beyond 33.33 percent of Ordinary Units carrying voting rights, a level which would trigger a mandatory tender offer for the remaining PEPR Units under Luxembourg law.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,400 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
About PEPR
PEPR is one of the largest pan-European owners of high quality distribution and logistics facilities. It was listed on Euronext Amsterdam in September 2006 and is externally managed by ProLogis Management S.a r.l, a wholly owned subsidiary of ProLogis.
DATASOURCE: ProLogis
CONTACT: Investors, Melissa Marsden of ProLogis, +1-303-567-5690,
mobile, +1-720-339-7425, ; or Financial Media, Suzanne
Dawson of Linden Alschuler & Kaplan, Inc, +1-212-329-1420, ,
for ProLogis
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Reports Fourth Quarter/Year-end 2009 Results
Date : 02/11/2010 @ 8:00AM
Source : PR Newswire
Stock : Prologis (PLD)
http://ih.advfn.com/p.php?pid=nmona&cb=1265905363&article=41493173&symbol=NY^PLD
ProLogis Reports Fourth Quarter/Year-end 2009 Results
- Full-year FFO per Share in Line with Previous Guidance - - Property Market Fundamentals Showing Signs of Improvement - - Company Establishes 2010 Guidance -
DENVER, Feb. 11 /PRNewswire-FirstCall/ --
ProLogis (NYSE:PLD), a leading global provider of distribution facilities, today reported funds from operations as defined by ProLogis (FFO), excluding significant non-cash items, of $1.15 per diluted share in 2009, compared with $3.51 for 2008. (See Summary of Results table for details). These amounts reflect the add back of impairments on real estate properties, goodwill and other assets totaling $0.81 per diluted share in 2009 and $3.01 in 2008. ProLogis reported a net loss per diluted share of $0.01 for 2009, compared with a net loss of $1.82 for 2008.
For the fourth quarter, FFO, excluding significant non-cash items, was $0.13 per diluted share in 2009, compared with $0.56 in 2008. These amounts reflect the add back of impairments on real estate properties, goodwill and other assets totaling $0.78 per diluted share in the fourth quarter of 2009 and $3.04 in 2008. For the fourth quarter of 2009, the company reported a net loss per diluted share of $0.86, compared with a net loss of $3.39 in the same period of 2008.
Reconciliation to Previous Guidance
In addition to the non-cash impairment charges referred to above, the company experienced various non-recurring charges in the fourth quarter and earlier in 2009, as detailed below. FFO, excluding significant non-cash items and non-recurring charges, was $1.41 per diluted share for the full year, in line with the company's previous guidance of $1.39 to $1.43. For the fourth quarter, FFO, excluding significant non-cash items and non-recurring charges, was $0.23 per diluted share.
Three Months Twelve Months Ended Ended December 31, December 31, 2009 2009 ---- ----
FFO, excluding significant non-cash items $0.13 $1.15 Add (deduct) non-recurring charges: Indemnifications related to contributed or sold properties 0.08 0.09 Realized losses on foreign currency transactions - 0.05 Capital markets costs 0.03 0.04 ProLogis' share of losses on sale of fund assets - 0.03 Reduction in workforce - 0.03 Other 0.01 0.04 Adjustments to tax and compensation-related liabilities (0.02) (0.02) ---- ---- Add summarized non-recurring charges 0.10 0.26 ---- ---- FFO, excluding significant non-cash items and non-recurring charges $0.23 $1.41
Significant Accomplishments in 2009 Position Company for Future Opportunities
"We began 2009 with an action plan and aggressive goals related to asset dispositions, debt reduction and development portfolio leasing," said Walter C. Rakowich, chief executive officer. "Throughout the year, we made tough choices and remained highly focused on stabilizing the company. We are pleased to have accomplished our goals, putting the company on firm financial footing and positioning us to take advantage of opportunities as market conditions improve."
Among ProLogis' specific goals for 2009 were to: reduce debt by $2 billion, complete $1.5 to $1.7 billion of asset dispositions and contributions to property funds (exclusive of the sale of certain Asian operations) and achieve static development portfolio leasing of 60 to 70 percent. At year end 2009, the company had reduced debt by $2.7 billion, completed $1.53 billion of property dispositions and contributions and achieved static development portfolio leasing of 68.2 percent.
Continued Signs of Stabilization and Improvement in Property Markets
"While focusing on our action plan, we also worked diligently to maintain stable occupancies in our core portfolio," Rakowich added. "The bottoming of market occupancies and rents that we began to see in mid-2009 held up in the fourth quarter, with some markets showing improvement. For the top 31 North American markets we track, overall net demand turned positive in the fourth quarter, and we saw similar pockets of positive take-up in Europe. And, although we expect net effective rental rates on turnovers to be negative throughout 2010, we believe improving occupancies and the continued lack of new supply will pave the way for improving rental rates in 2011."
ProLogis' non-development portfolio was 92.4 percent leased at the end of the fourth quarter, down slightly compared with 92.7 percent leased at September 30. Same-store net operating income (SS NOI), as adjusted (excluding same-store assets associated with the company's development portfolio), decreased 4.2 percent, a slight improvement over the third quarter SS NOI decline. Net effective rental rates on turnover of 23.6 million square feet, or 6.0 percent of the adjusted same-store pool, were down 11.7 percent for the quarter, representing an improvement over the third quarter decline.
Build-to-Suit Development Demand Supports Reductions in Land Position
"While new speculative development has remained virtually non-existent, during the fourth quarter we continued to see demand for build-to-suit development from customers whose supply chain optimization requirements could not be met with the available supply of space," said Ted R. Antenucci, chief investment officer. ProLogis' fourth quarter starts consisted of a 667,000-square-foot facility for a major home improvement retailer in Southern California and a 504,000-square-foot facility for a leading UK retailer in Scotland. Including joint venture partner capital contributions, total expected investment for all build-to-suit developments started in the second half of 2009 is $336 million.
"Given the continued interest from customers in build-to-suits, we expect to start $700 to $800 million of new development in 2010, primarily in Europe and Asia. We also will continue to pursue land sales, which when combined with new development, will allow us to begin to monetize roughly $350 to $400 million of land in 2010," Antenucci added.
Strategic Repositioning of Asset Base
"In 2009, we used the proceeds from nearly $2.9 billion of contributions and dispositions, including the sale of certain Asian operations, to reduce debt and fund our development portfolio," said Rakowich. "Having stabilized our balance sheet, we are now looking to fund new development activity in a slightly different, leverage-neutral manner. Due to improving property values and growing institutional demand for quality properties, in 2010 we plan to generate $1.3 to $1.5 billion of proceeds from sales of existing assets and contributions to funds, primarily in the United States, and use the proceeds to fund the remaining costs associated with our existing development portfolio as well as 2010 development starts. This approach will allow us to retain more of our non-US development on our balance sheet, thereby improving the geographic diversification of our direct owned assets."
Continued Financing Progress for ProLogis and Property Funds
"We continued to focus on further extending and smoothing the debt maturities both on ProLogis' balance sheet and in our property funds," said William E. Sullivan, chief financial officer. "In the fourth quarter, we issued $600 million of 10-year, ProLogis senior notes and closed on a $108 million secured financing in Japan on our balance sheet. Since the beginning of the fourth quarter, we closed on euro 886 million of financings in our European funds, effectively reducing 2010 maturities within those funds to approximately euro 327 million. This is significant progress from the over euro 1.8 billion of 2010 fund debt maturities we were faced with at the beginning of 2009."
Guidance for 2010
ProLogis established full-year 2010 FFO guidance, excluding significant non-cash items, of $0.74 to $0.78 per share, of which approximately $0.10 relates to expected gains on dispositions of development and land. Net earnings are expected to be between $0.25 and $0.29 per diluted share. A summary of the business drivers supporting ProLogis' 2010 guidance is available at http://ir.prologis.com/2010BusinessDrivers.cfm.
Copies of ProLogis' fourth quarter 2009 supplemental information will be available from the company's website at http://ir.prologis.com/ in the "Annual & Supplemental Reports" section before open of market on Thursday, February 11, 2010. The company will host a webcast/conference call on Thursday, February 11, 2010, at 10:00 a.m. Eastern Time. The live webcast and the replay will be available on the company's website at http://ir.prologis.com/. Additionally, a podcast of the company's conference call will be available on the company's website.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space owned and managed (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,400 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
Follow ProLogis on Twitter: http://twitter.com/ProLogis
The statements above that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which ProLogis operates, management's beliefs and assumptions made by management, they involve uncertainties that could significantly impact ProLogis' financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future - including statements relating to rent and occupancy growth, development activity and changes in sales or contribution volume of developed properties, general conditions in the geographic areas where we operate and the availability of capital in existing or new property funds - are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, (v) maintenance of real estate investment trust ("REIT") status, (vi) availability of financing and capital, (vii) changes in demand for developed properties, and (viii) those additional factors discussed in reports filed with the Securities and Exchange Commission by ProLogis under the heading "Risk Factors." ProLogis undertakes no duty to update any forward-looking statements appearing in this press release.
...
califax
15 years ago
ProLogis Closes on Euro 622 Million of Financings for European Property Funds
Date : 01/22/2010 @ 3:00AM
Source : PR Newswire
Stock : Prologis (PLD)
http://ih.advfn.com/p.php?pid=nmona&article=41213801&symbol=PLD
DENVER, Jan. 22 /PRNewswire-FirstCall/ --
ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that over the past four weeks it has completed four financings for its European property funds, totaling euro 622 million. The four financings have a weighted average coupon of 4.91 percent
Three, four-year financings, resulting in euro 441 million of funding, were completed for ProLogis European Properties (Euronext: PEPR). They have loan-to-value ratios of between 50 and 55 percent and are secured by assets located in Germany, Belgium, France, Italy, Spain, Poland and the United Kingdom. The largest component of these financings is a euro 300 million Pan-European, syndicated loan with six European lenders, arranged by Goldman Sachs, which was one of the largest loans of this kind done in the European real estate sector since 2008
ProLogis also completed a euro 181 million financing for ProLogis European Properties Fund II, the largest single-lender mortgage financing completed in Europe since the fall of 2008. This financing is secured by 22 assets in France and has a loan-to-value ratio of 60 percent
"With these financings, we have reduced 2010 maturities within the two funds to under euro 336 million - significant progress from the euro 1.8 billion we were faced with as of December 31, 2008. With the capital transactions in progress and available liquidity within the funds, we are comfortable with our ability to address the remaining maturities in the near future," said William E. Sullivan, ProLogis' chief financial officer. "The European financing market continues to demonstrate its diversity and resilience, as we are able to complete transactions with a wide spectrum of lenders at attractive rates."
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Investors, Melissa Marsden, +1-303-567-5622,
, or Media, Krista Shepard, +1-303-567-5907,
, both of ProLogis; or Financial Media, Suzanne Dawson of
Linden Alschuler & Kaplan, Inc., +1-212-329-1427, , for
ProLogis
Web Site: http://www.prologis.com/
califax
15 years ago
Stocks fall as Obama calls for tougher bank rules
Stocks slide anew as Obama calls for tighter restrictions on some trading by banks
Stephen Bernard and Tim Paradis, AP Business Writers,
On Thursday January 21, 2010, 12:08 pm EST
http://finance.yahoo.com/news/Stocks-fall-as-Obama-calls-apf-1512287612.html;_ylt=ArFaJECrqfyx6R5QIp67fdG7YWsA_ylu=X3oDMTE1NG43dGc2BHBvcwMzBHNlYwN0b3BTdG9yaWVzBHNsawNzdG9ja3NzZWV3b3I-?x=0&sec=topStories&pos=1&asset=&ccode=
NEW YORK (AP) -- Financial shares pulled the stock market lower Thursday as President Barack Obama proposed rules that would limit the types of trading banks can do with their money.
The Dow Jones industrial average tumbled 200 points after dropping 122 points on Wednesday. The index has seen four straight triple-digit swings. Bond prices rose as the stock market became more volatile.
Tightening the rules on how big banks trade their money could hurt profits at those companies.
Broader concerns also dogged investors. Patrick Galley, chief investment officer at RiverNorth Capital in Chicago, said stocks have risen so fast in the past 10 months that expectations about an economic recovery are getting too high.
"The market can be quite fickle just because of the huge run-up that we've had," he said. "A lot of folks have their trigger finger on the sell button if they start to sense that news won't meet expectations."
The market was mixed earlier as good earnings news was tempered by an unexpected jump in initial jobless claims. But banks, which have driven the market over the past year and a half, were the focus by late morning.
The Labor Department said workers filing for unemployment benefits for the first time rose by 36,000 to 482,000 last week. Economists polled by Thomson Reuters were expecting a small drop. The four-week average rose for the first time since August.
The report provided a grim reminder that while the economy might have improved modestly, a robust recovery is unlikely until companies start adding jobs. The unemployment rate remained at 10 percent last month.
Traders said weakness in manufacturing also brought concern that the economy might not be recovering as quickly as hoped. The Philadelphia Federal Reserve said manufacturing in its region fell in January from December. Its index of regional manufacturing conditions fell to 15.2 from a revised 22.5 last month.
In midday trading, the Dow fell 204.58, or 1.9 percent, to 10,398.57. The broader Standard & Poor's 500 index fell 19.31, or 1.7 percent, to 1,118.73. The Nasdaq composite index fell 27.50, or 1.2 percent, to 2,263.75.
Stocks had tumbled on Wednesday after China said it would curb bank lending to slow down its economy. The latest sign of China's supercharged growth came out on Thursday as the country reported 10.7 percent economic expansion in the fourth quarter and 8.7 percent for all of last year. The rapid growth reinforced concerns that China will take more steps to tighten monetary policy and rein in its economy, which could dampen a global economic rebound.
Bond prices jumped as the stock market fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.62 percent from 3.65 percent late Wednesday.
The dollar rose against other major currencies, while gold fell. A rise in the dollar hurt commodity prices, which become more expensive for foreign buyers when the dollar strengthens.
Crude oil fell 90 cents to $76.84 per barrel on the New York Mercantile Exchange.
The Russell 2000 index of smaller companies fell 10.93, or 1.7 percent, to 628.68.
Four stocks fell for every one that rose on the New York Stock Exchange, where volume came to 586.8 million shares compared with 473.6 million shares traded at the same point Wednesday.
Britain's FTSE 100 fell 1.5 percent, Germany's DAX index lost 1.8 percent, and France's CAC-40 fell 1.7 percent. Earlier, Japan's Nikkei stock average rose 1.2 percent.
califax
15 years ago
ProLogis Announces 4.0 Million Square Feet of Fourth Quarter Global Development Portfolio Leasing Activity
Date : 01/12/2010 @ 7:00AM
Source : PR Newswire
Stock : Prologis (PLD)
Quote : 13.73 -0.36 (-2.56%) @ 1:47PM
http://ih.advfn.com/p.php?pid=nmona&article=41067513&symbol=PLD
ProLogis Announces 4.0 Million Square Feet of Fourth Quarter Global Development Portfolio Leasing Activity
- Global Static Development Portfolio Now 68.2 Percent Leased -
DENVER, Jan. 12 /PRNewswire-FirstCall/ --
ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that its static global development portfolio was 68.2 percent leased as of year-end 2009
"Roughly one year ago, we set a goal to achieve a leased percentage of 60 - 70 percent by year-end 2009 for our development portfolio properties in place as of the end of 2008, or what we have called our static portfolio," said Walt Rakowich, chief executive officer. "We are pleased to have reached the upper end of that goal and are encouraged by continued leasing activity and customer demand. At a time when little development is coming online, ProLogis' best-in-class development inventory provides immediate solutions for our customers' distribution space needs."
ProLogis signed 56 leases in its static development portfolio during the fourth quarter, which increased leased space in this portfolio by approximately 4.0 million square feet (372,000 square meters) in locations worldwide
Recent development portfolio leasing transactions included:
-- Asia: A new, 381,000-square-foot (35,400-square-meter) lease agreement in Japan with Hitachi Transport System, Ltd., a leading third-party logistics provider. Hitachi Transport System will operate the space on behalf of its customer at ProLogis' newly developed facility in the Tokyo market. New development leases in Asia during the fourth quarter totaled 1,130,000 square feet (105,000 square meters)
-- Europe: A new, 237,000-square-foot (22,000-square-meter) lease agreement in the United Kingdom with Biffa, a leading integrated waste management business. Biffa will occupy the space in Building Three at ProLogis Park Midpoint, located in the West Midlands, and will use it as a materials recycling facility for non-hazardous recyclable materials. New development leases in Europe during the fourth quarter totaled 1,937,000 square feet (180,000 square meters)
-- North America: A new, 255,000-square-foot (23,700-square-meter) lease agreement signed in Atlanta with Viega LLC, a manufacturer of plumbing, heating, gas and potable water products. Occupying space at ProLogis Park Greenwood, the customer will use the space as a new distribution hub to serve its customers in the southeastern United States. New development leases in North America during the fourth quarter totaled 877,300 square feet (81,500 square meters)
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: media, Mo Sheahan, +1-303-567-5434, , or
investors, Melissa Marsden, +1-303-567-5622, , both of
ProLogis; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, , for ProLogis
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis to Host Fourth Quarter/Year End 2009 Financial Results Webcast and Conference Call
Date : 01/06/2010 @ 5:15PM
Source : PR Newswire
Stock : Prologis (PLD)
http://ih.advfn.com/p.php?pid=nmona&article=40998129&symbol=PLD
DENVER, Jan. 6 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, will host its Fourth Quarter/Year End 2009 Financial Results Webcast and Conference Call with senior management to discuss quarterly results, current market conditions and future outlook on Thursday, February 11, 2010, at 10:00 a.m. Eastern Time
Earnings Release
ProLogis' fourth quarter/year end 2009 financial results will be released on Thursday, February 11, 2010, before market open and will be available on the ProLogis website, ir.prologis.com/, in the "Annual & Supplemental Reports" section
Earnings Webcast and Conference Call
Interested parties are encouraged to access the live webcast by clicking the microphone icon located near the top of the opening page on the ProLogis website at ir.prologis.com/. Interested parties can also participate via conference call by dialing (866) 305-2304 domestically or (660) 422-4873 internationally
Replay Information
A replay of the conference call will be available after 1:00 p.m. Eastern Time on Thursday, February 11, 2010. The replay will be available until midnight Eastern Time on Thursday, February 25, 2010, and can be accessed by dialing (800) 642-1687 domestically or (706) 645-9291 internationally and entering the passcode 49471953. A transcript of the call and the webcast replay will be available in the "Quarterly Results" section on the ProLogis website
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space owned and managed (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Robbin Lee of ProLogis, +1-303-567-5690,
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Closes 10 Billion Yen ($113 Million) TMK Bond Financing
http://ir.prologis.com/releaseDetail.cfm?ReleaseID=430925
DENVER, Dec 16, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today that it has completed a 10 billion yen ($113 million) TMK bond secured financing. Sumitomo Mitsui Banking Corp. was lead on the financing, which has a three-year maturity and is secured by ProLogis Parc Osaka II. Proceeds from this financing were used to pay down ProLogis' global line of credit. Tokutei Mokuteki Kaisha (TMK) is a tax favored, special purpose securitization vehicle that issues corporate bonds secured by real estate assets.
"The TMK bond market in Japan continues to be a very attractive capital source. We are fortunate to have strong relationships with some of the premier lenders in the region and to have a product type that continues to be attractive as a source of security," said Phillip D. Joseph, Jr., senior vice president and treasurer. ProLogis Parc Osaka II is a 1.4 million-square-foot, multi-tenant facility located in Osaka, Japan, that is over 95 percent leased to well-known companies like Nipro Corporation, Kintetsu World Express and Sankyu Inc.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to www.prologis.com.
SOURCE ProLogis
http://www.prologis.com
Copyright (C) 2009 PR Newswire. All rights reserved
califax
15 years ago
ProLogis Leases 378,000 Square Feet in Europe
Date : 11/30/2009 @ 7:00AM
Source : PR Newswire
Stock : Prologis (PLD)
http://ih.advfn.com/p.php?pid=nmona&article=40564892&symbol=PLD
- Company Announces Development Portfolio Leases With Five New Customers -
AMSTERDAM, Nov. 30 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it has signed new fourth-quarter lease agreements in Europe totaling approximately 378,000 square feet (35,100 square meters) in its development portfolio.
"We are very pleased to announce continued leasing activity in our European portfolio," said Philip Dunne, ProLogis president in Europe. "We are seeing signs of stabilization in the market, and with well-located, high-quality and modern distribution space throughout Europe, ProLogis is positioned well to both capture new business and continue to serve the ongoing needs of our customers."
Recent activity included:
-- 104,000 square feet (9,700 square meters) leased to a leading German retailer with operations in 25 countries worldwide. The new ProLogis customer will occupy the space at ProLogis Park Neuenstadt Building One, located in southwestern Germany in the trade and industrial park of Unteres Kochertal (GIK), in the city of Neuenstadt.
-- 81,000 square feet (7,500 square meters) leased to Plenty Market, a retailer of general consumer products. The new ProLogis customer will occupy the space at ProLogis Park Bologna, located 10 miles (15 km) southeast of Bologna, Italy.
-- 68,000 square feet (6,300 square meters) leased to a third-party logistics provider. The new ProLogis customer will occupy the space at ProLogis Park Clesud Building Seven, located in southern France. With this transaction, the facility - totaling 624,000 square feet (58,000 square meters) - becomes fully occupied following its recent completion in July 2009.
-- 67,000 square feet (6,200 square meters) leased to Honold International, a third-party logistics provider that serves customers in 22 locations throughout Germany, Romania, Russia, Slovakia and China. The new ProLogis customer will occupy the space at ProLogis Park Augsburg Building Two, located in southern Germany near the city of Munich.
-- 58,000 square feet (5,400 square meters) leased to Euro Freight Logistics, a third-party logistics provider. The new ProLogis customer will occupy the space at ProLogis Park Sochaczew Building Five, located near Warsaw, Poland.
ProLogis is Europe's leading provider of industrial and distribution space with a 124.9-million-square-foot (11.6-million-square-meter) portfolio owned, managed or under development in 13 countries.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Media, Mo Sheahan, +1-303-567-5434, , or
Investors, Melissa Marsden, +1 303-567-5622, , both of
ProLogis; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, , for ProLogis
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Participates in NAREIT Annual Convention
Date : 11/10/2009 @ 5:05PM
Source : PR Newswire
http://ih.advfn.com/p.php?pid=nmona&cb=1257962057&article=40301115&symbol=NY^PLD
DENVER, Nov. 10 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that it is participating in the NAREIT Annual Convention: REIT World 2009 being held at the JW Marriott Desert Ridge, Phoenix, Arizona, November 11 through 13, 2009. Walter Rakowich, chief executive officer for ProLogis, will participate in the CEO Marketplace Panel at 12:00pm MT / 2:00pm ET on Wednesday, November 11, 2009.
You may listen to the webcast of the CEO Marketplace Panel by going to ProLogis' website at http://ir.prologis.com/ by clicking on the link provided under "Presentations & Webcasts." At this location, you will also find the company presentation being used in meetings with investors starting at 8:00am MT / 10:00am ET on November 11, 2009. The presentation covers debt, activities within ProLogis' funds as well as future earnings upside.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space owned and managed (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Robbin Lee of ProLogis, +1-303-567-5690
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Closes ProLogis European Properties Fund II Financing
Date : 11/04/2009 @ 9:00AM
Source : PR Newswire
http://ih.advfn.com/p.php?pid=nmona&cb=1257580348&article=40205182&symbol=NY^PLD
- Proceeds Used to Pay Down Warehouse Line -
DENVER, Nov. 4 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it has completed a euro 41.4 million financing on behalf of ProLogis European Properties Fund II (PEPF II). Proceeds from the financing were used to pay down PEPF II's warehouse line of credit.
A European bank based in Austria provided the five-year loan that is secured by a portfolio of six assets in Poland, representing a 52 percent loan-to-value.
"With this financing, we have demonstrated our access to debt capital in the central European region with one of the few new secured real estate loans to be completed there during 2009. We also established a new lending relationship and are pleased that lenders continue to be attracted to the strong and stable cash flows generated by ProLogis' assets," said William E. Sullivan, ProLogis' chief financial officer.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Investors, Melissa Marsden, +1-303-567-5622,
, or Media, Krista Shepard, +1-303-567-5907,
, both of ProLogis; or Financial Media, Suzannne Dawson
of Linden Alschuler & Kaplan, Inc., +1-212-329-1427, , for
ProLogis
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Leases 227,000 Square Feet at ProLogis Park Neuenstadt in Germany
Date : 10/20/2009 @ 7:00AM
Source : PR Newswire
http://ih.advfn.com/p.php?pid=nmona&cb=1256044480&article=39967694&symbol=NY^PLD
- Two Customers Will Occupy Space in ProLogis' Development Portfolio At a Newly Developed Distribution Park -
DUSSELDORF, Germany, Oct. 20 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has leased a total of 227,000 square feet (21,100 square meters) to two customers in southwestern Germany at ProLogis Park Neuenstadt.
"In a challenging market environment, we are very pleased to have signed two new leases - both of significant size - in our German development portfolio," said Christian Bischoff, ProLogis managing director of northern Europe. "This distribution park has received significant interest from both new and existing ProLogis customers for its prime location, modern amenities and sustainable features."
The third-quarter transactions included leases with:
-- Panalpina, one of the world's leading providers of forwarding and logistics services, which signed an agreement for 114,000 square feet (10,600 square meters) in Building One at ProLogis Park Neuenstadt.
Panalpina will use the space to serve its customers' regional and national distribution needs. This is the fourth lease agreement between ProLogis and the customer; Panalpina now occupies ProLogis distribution space in France, Germany and the United States.
-- A leading retail company based in Germany, which signed an agreement for 113,000 square feet (10,500 square meters) in Building Two at the park. The logistics provider will use the space to support the distribution needs of its customers in southwestern Germany.
ProLogis Park Neuenstadt is located in the trade and industrial park of Unteres Kochertal (GIK), in the city of Neuenstadt. The site is near major transportation infrastructure and a large population center, and easily doubles as a business complex for companies with distribution and office operations. With three buildings and more than 773,000 square feet (71,800 square meters) at the park, ProLogis maintains the largest market share of available, modern industrial distribution space in the Heilbronn-Neuenstadt region of Germany.
ProLogis is the largest provider of industrial space in Germany with approximately 15 million square feet (1.4 million square meters) owned, managed or under development. Other ProLogis customers in the country include BLG, Dachser, DSV, Jack Wolfskin, LGI and Rewe.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434,
, or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, , for ProLogis; or Investors, Melissa
Marsden of ProLogis, +1-303-567-5622,
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Leases 188,000 Square Feet of its Development Portfolio to Two Customers Near Tokyo
Date : 10/19/2009 @ 7:00AM
Source : PR Newswire
http://ih.advfn.com/p.php?pid=nmona&cb=1255967244&article=39949190&symbol=NY^PLD
- Two Global Customers, Including Cat Logistics, Expand Presence With ProLogis -
TOKYO, Oct. 19 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it has leased 188,000 square feet (17,500 square meters) during the third quarter to two customers in Japan.
Caterpillar Logistics Services, Inc. (Cat Logistics), the logistics arm of Caterpillar, the world's largest maker of construction and mining equipment, diesel and natural gas engines and industrial gas turbines, will occupy 95,000 square feet (8,800 square meters) at ProLogis Parc Narita III, near Tokyo. This is Caterpillar's first lease with ProLogis in Japan; the customer now leases with ProLogis in multiple locations across the United States, Europe and Asia.
In addition, a global supplier of office products and services has leased 93,000 square feet (8,600 square meters) of distribution space at ProLogis Parc Ichikawa I, a distribution facility in Ichikawa City, near Tokyo. This is the sixth lease agreement between ProLogis and the customer, which now occupies approximately 1.2 million square feet (107,000 square meters) of ProLogis distribution space in the United States, Mexico and Japan.
"ProLogis continues to demonstrate the ability to serve its customers on multiple continents because of its geographically diverse portfolio," said Mike Yamada, ProLogis president of Japan. "We are very pleased to welcome both companies to our portfolio in Japan."
ProLogis Parc Narita III is located in the town of Shibayama, Chiba Prefecture. Comprising 570,000 square feet (53,000 square meters), the newly developed distribution facility is approximately 40 miles (64 kilometers) northeast of Tokyo and is adjacent to the Narita International Airport. Sustainable features at the facility include a solar-powered outdoor lighting system and a state-of-the-art, pre-cast concrete seismic isolation system.
Completed in November 2008, ProLogis Parc Ichikawa I is a five-story, 1.3-million-square-foot (125,200-square-meter) distribution facility. Strategically located along Wangan expressway and Route 357, a highway connection to major roadways throughout the region, ProLogis Parc Ichikawa I supports distribution to the greater Tokyo and Chiba regions. Sustainable features include a pre-cast concrete seismic isolation system, a rainwater recycling system and solar-powered outdoor lighting.
Yamada added, "Distribution locations in and around Tokyo have continued to attract steady interest from our customers. While the challenging economic environment still plays a large role in business decisions, many companies continue to look for ways to consolidate distribution networks from inefficient, older facilities into newer, state-of-the-art distribution centers to increase efficiencies. Locating near Tokyo enables customers to easily reach a population of more than 12 million people and provides convenient highway access to all areas of the country."
ProLogis is one of the largest providers of distribution space in Japan with approximately 8.5 million square feet (794,000 square meters) completed and under development, as well as 98 acres (39.7 hectares) of land available for future development. Major ProLogis customers in Japan include Kirin Logistics, Yamato Logistics, Konoike Transport, Costco, Daikin Industries, Sanyo Electric Logistics and Kintetsu World Express.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: media, Mo Sheahan of ProLogis, +1-303-567-5434,
; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, , for ProLogis; or investors, Melissa
Marsden of ProLogis, +1-303-567-5622,
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Closes on $123 Million of Portfolio Refinancings for Two ProLogis Property Funds
Date : 10/13/2009 @ 5:00PM
Source : PR Newswire
http://ih.advfn.com/p.php?pid=nmona&cb=1255524692&article=39877862&symbol=NY^PLD
DENVER, Oct. 13 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that it has closed on $123 million of secured financings for two of its property funds.
The first is a seven-year, $52.5 million secured financing with a major life insurance company on behalf of ProLogis California Fund. The financing has a 6.60 percent interest rate, a loan-to-value of approximately 50 percent and is secured by 11 industrial properties located in the LA Basin. The proceeds were used to refinance outstanding debt, and with this refinancing, the fund has addressed debt maturities into 2014.
The second, as announced earlier by ProLogis European Properties Fund (Euronext: PEPR), is a euro 48 million ($70.5 million), five-year, secured financing with a German Landesbank that is secured by four properties in Sweden. The proceeds from this financing were used to refinance outstanding debt.
"We continue to aggressively address fund debt maturities. So far this year, we have successfully addressed, refinanced or paid off $2.2 billion of 2009 and 2010 fund debt maturities, including virtually one hundred percent of $1.4 billion of 2009 maturities," said William E. Sullivan, chief financial officer.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: investor relations, Melissa Marsden, +1-303-567-5622,
; or media, Krista Shepard, +1-303-567-5907,
, both of ProLogis; or financial media, Suzanne Dawson of
Linden Alschuler & Kaplan, Inc, +1-212-329-1420, , for
ProLogis
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Research Group Releases New Report on Industrial Property Markets in Europe
Date : 10/13/2009 @ 3:00AM
Source : PR Newswire
http://ih.advfn.com/p.php?pid=nmona&cb=1255456115&article=39861382&symbol=NY^PLD
AMSTERDAM, Oct. 13 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today the release of a new research report on the state of the industrial property markets in Europe, entitled "Looking for the Rainbow."
The report is based on market statistics and data compiled from a variety of sources, including ProLogis market officers, brokerage companies and market research groups. The information covers distribution property markets in the United Kingdom as well as northern, southern and central Europe up to and including the first half of 2009.
"Europe's logistics property markets are feeling the weight of both a severe economic downturn and a lingering credit crunch," commented Len Sahling, first vice president of the ProLogis Research Group. "The European economies are starting to emerge from several quarters of negative GDP growth, and the logistics property leasing markets will follow suit, albeit with a lag. Meaningful GDP growth combined with obsolescence and no new supply will eventually pull Europe's logistics property leasing markets out of their slump."
Detailed findings in the report include the following:
-- During the first half of 2009, leasing market fundamentals continued to weaken throughout Europe, with the pan-European market occupancy rate slipping to 86 percent in the second quarter of 2009 from 87 percent in the previous quarter and 89 percent a year ago.
-- New deliveries to the Continental European markets have remained relatively stable throughout the current steep recession, largely because of the sizable overhang of construction projects begun last year before the credit crisis erupted.
-- All across Europe, new starts have tapered off in recent months and are now limited almost exclusively to build-to-suit projects. As a result, the construction pipelines have begun to shrink, suggesting that deliveries will soon begin to taper off.
-- Investors have developed a renewed appreciation for market risk and are now making sharper distinctions between countries in Europe regarding economic, currency and property market risks. There is a renewed market focus on prime properties in Europe, where the leases have strong covenants and lease terms of five years.
For a copy of the report on the property markets in Europe, please visit: http://www.prologisresearch.com/supplychain/default.asp?reid=A3U21446887DE.
The ProLogis Research Group monitors, analyzes and reports on key trends and dynamics in both real estate and supply-chain management, drawing from industry data and primary research conducted by company analysts and a network of affiliated academics and other professionals. Past reports have focused on global supply chain dynamics, internet retailing, RFID technology, offshore outsourcing and other related topics. For more, please visit http://www.prologisresearch.com/.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434,
; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, , for ProLogis; or Investors, Melissa
Marsden of ProLogis, +1-303-567-5622,
Web Site: http://www.prologis.com/
http://www.prologisresearch.com/
califax
15 years ago
ProLogis Announces Third-Quarter Leasing Activity in Mexico
Date : 10/12/2009 @ 7:00AM
Source : PR Newswire
http://ih.advfn.com/p.php?pid=nmona&cb=1255352193&article=39850294&symbol=NY^PLD
Company Signs Four Lease Agreements Totaling 860,000 Square Feet, Including 660,000 Square Feet of Development Portfolio Space -
MEXICO CITY, Oct. 12 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it signed third-quarter lease agreements in Mexico totaling approximately 860,000 square feet (79,900 square meters), including 660,000 square feet (61,300 square meters) in its development portfolio.
"We are very pleased to have leased a significant amount of distribution space during the third quarter in Mexico," said Silvano Solis, ProLogis managing director and head of Mexico operations. "ProLogis continues to demonstrate our unique ability to serve both local and global customers in the country, and even throughout challenging market conditions we have consistently met our customers' needs for modern, efficient and well-located facilities."
Recent activity within ProLogis' development portfolio included:
-- 450,000 square feet (41,800 square meters) leased to a global technology leader in consumer electronics, home appliances and mobile communications. The customer will occupy the space at ProLogis Park Cedros-Tepotzotlan Building 10. This is the ninth lease agreement between ProLogis and the company, which now occupies more than 2.8 million square feet (260,100 square meters) of ProLogis distribution space in the United States, The Netherlands, Poland and Mexico.
-- 148,000 square feet (13,700 square meters) leased to a leading business in the automotive industry. The existing ProLogis customer will occupy the space at ProLogis Park Toluca, located approximately 50 miles (80 kilometers) southwest of Mexico City along Interstate 15.
Currently comprising one, 448,000-square-foot (41,600-square-meter) facility, the 50-acre (20-hectare) site has the capacity to support an additional three buildings and 628,000 square feet (58,000 square meters) of industrial space.
-- 62,000 square feet (5,800 square meters) of additional space leased to Evenflo Mexico with a lease expansion. Currently occupying 73,000 square feet (6,800 square meters) at another ProLogis distribution center, the company is relocating and expanding to 135,000 square feet (12,500 square meters) of distribution space at ProLogis Park Izcalli Building One, located in Cuautitlan Izcalli, Mexico, approximately 20 miles north of Mexico City. Evenflo is a leading manufacturer of infant equipment, baby care and juvenile products.
Additional lease activity included:
-- 200,000 square feet (18,600 square meters) leased to Fisher and Paykel Healthcare, a world leader in the design and manufacture of respiratory care devices. The customer will take the space at Pacifico Industrial Center Building 13, located in Tijuana. ProLogis acquired this facility mid-2008.
ProLogis is one of Mexico's largest providers of industrial and distribution space with a 19-million-square-foot portfolio in 11 markets throughout the country. Additional ProLogis customers in Mexico include Bose Corporation, Black & Decker and Whirlpool.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434,
; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, , for ProLogis; or Investors, Melissa
Marsden of ProLogis, +1-303-567-5622,
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Leases 341,000 Square Feet of Its Development Portfolio in France
Date : 10/08/2009 @ 7:00AM
Source : PR Newswire
http://ih.advfn.com/p.php?pid=nmona&cb=1255000209&article=39811183&symbol=NY^PLD
ProLogis Signs Agreements with Three Customers, Including Geodis and Transport Breger -
PARIS, Oct. 8 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it has leased a total of 341,000 square feet (31,700 square meters) during the third quarter to three customers in France.
"Our customers throughout southern Europe continue to seek large, modern and efficient distribution facilities to improve the effectiveness of their distribution networks," said Ranald Hahn, managing director for ProLogis in southern Europe. "ProLogis is well positioned to capture new business because we have available, high-quality distribution space throughout the region, and we are highly focused on our customers' individual needs. We are pleased to sign new lease agreements with three customers."
Recent activity included transactions in ProLogis' development portfolio with:
-- Geodis, a third-party logistics and international transport provider and subsidiary of SNCF (French Railway), which has signed a lease agreement for 136,000 square feet (12,600 square meters) of newly developed distribution space at ProLogis Park les Portes de Vemars. The distribution facility is located approximately 18 miles (30 kilometers) north of Paris with direct access to the A1 motorway. This is the 20th lease between ProLogis and Geodis, which now occupies approximately 3.3 million square feet (310,700 square meters) of ProLogis distribution space throughout Europe.
"We have consistently turned to ProLogis when the need arises for modern, well-located distribution space," said Claude Coperet, operational director for Geodis in France. "Geodis is proud to offer its customers comprehensive distribution services, and locating at this facility will enable us to continue to provide that added business value."
-- Transport Breger, a third-party logistics provider based in Paris, which has signed a lease agreement for 67,000 square feet (6,200 square meters) of newly developed distribution space at ProLogis Park Rennes. The facility is positioned along the N157 national road within Zone d'Activites du Haut Montigne, a special business zone located approximately 22 miles (36 kilometers) east of the city of Rennes.
-- A leading manufacturer and retailer, which has signed a lease agreement for 139,000 square feet (12,900 square meters) at ProLogis Park Clesud, one of ProLogis' largest distribution parks in southern France totaling 2.4 million square feet (224,000 square meters) across nine buildings. The distribution park enables rapid access to multiple freeways, including the A54, A9, A7 and A8, and is one of only a few in the region able to accept train freight.
The company is an existing ProLogis customer and now occupies approximately 770,000 square feet (71,500 square meters) of ProLogis distribution space in France and the United States.
ProLogis' portfolio of properties in France comprises more than 25 million square feet (2.34 million square meters) of space owned, managed or under development as of June 30, 2009.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434,
, or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, ; or Investors, Melissa Marsden of ProLogis,
+1-303-567-5622,
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Leases 222,000 Square Feet in Atlanta
Date : 10/07/2009 @ 7:00AM
Source : PR Newswire
Stock : Prologis (PLD)
http://ih.advfn.com/p.php?pid=nmona&cb=1254915396&article=39792014&symbol=NY^PLD
ProLogis Signs Agreements with Two Customers, Including 107,000 Square Feet of Development Portfolio Space and 115,000 Square Feet of Previously Leased Space -
ATLANTA, Oct. 7 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today ithas leased a total of 222,000 square feet to two customers in Atlanta.
Innotrac Corporation, a leading full-service provider of fulfillment, order processing, and customer care solutions for direct-to-consumer marketers, has signed a third-quarter lease agreement for 115,000 square feet of space at Progress Distribution Center Building One. The facility is located near Highway 316 in Lawrenceville, Georgia, with quick access to Interstate 85 and has been previously leased to other ProLogis customers such as Toys R US and Anderson Merchandisers.
Auto Metal Direct, a provider of automotive sheet metal, has signed a third-quarter lease agreement for 107,000 square feet of newly developed distribution space at Buford Distribution Center Building One. The distribution facility is located off Interstate 985 approximately 37 miles northeast of Atlanta in Buford, Georgia.
"Both Auto Metal Direct and Innotrac Corporation are important ProLogis customers, and we are very pleased to support their distribution space needs in Atlanta," said Rodney Davidson, first vice president and market officer at ProLogis. "While economic conditions are still challenging, signing two new leases for more than 100,000 square feet each is indicative of ProLogis' leading market position and ability to provide well-located, high-quality facilities in the Atlanta area."
ProLogis is the largest owner of industrial distribution space in Atlanta with a portfolio of approximately 19 million square feet. Other ProLogis customers in the area include JVC, Home Depot, LG Electronics, Petco, APL Logistics and Subaru.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434,
; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, , for ProLogis; or Investors, Melissa
Marsden of ProLogis, +1-303-567-5622,
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Leases 250,000 Square Feet in Japan
Date : 10/06/2009 @ 7:00AM
Source : PR Newswire
Stock : Prologis (PLD)
http://ih.advfn.com/p.php?pid=nmona&cb=1254827642&article=39772381&symbol=NY^PLD
Nipro Corporation Will Occupy Development Portfolio Space at ProLogis Parc Osaka II, Bringing Building to 96 Percent Occupancy -
OSAKA, Japan, Oct. 6 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it has leased 250,000 square feet (23,300 square meters) of newly developed distribution space in Japan during the third quarter to Nipro Corporation, a leading global manufacturer and distributor of medical equipment, pharmaceuticals and glass products.
Nipro will occupy the space at ProLogis Parc Osaka II, located near the Port of Osaka. The new customer will use the space for light assembly and distribution of its products throughout western Japan. This lease brings ProLogis Parc Osaka II to 96 percent occupancy.
"We are very pleased to sign our first lease agreement with Nipro, a well-established and highly respected Japanese company," said Mike Yamada, ProLogis president of Japan. "The customer is headquartered in Osaka and required new distribution space to consolidate and expand its existing facilities in the same area in order to support its growing business. ProLogis Parc Osaka II is a good fit for Nipro due to its strategic location near the Port of Osaka and the building's many modern amenities."
ProLogis Parc Osaka II is an eight-story, 1.4-million-square-foot (132,000-square-meter) distribution facility. The building incorporates a number of sustainable features including two, four-kilowatt wind turbines, wall-surface greenery and a state-of-the-art, pre-cast concrete seismic isolation system.
ProLogis is one of the largest providers of distribution space in Japan with approximately 8.5 million square feet (794,000 square meters) completed and under development, as well as 98 acres (39.7 hectares) of land available for future development. Major ProLogis customers in Japan include Kirin Logistics, Yamato Logistics, Konoike Transport, Costco, Daikin Industries, Sanyo Electric Logistics and Kintetsu World Express.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Investors, Melissa Marsden, +1-303-567-5622,
, or Media, Mo Sheahan, +1-303-567-5434,
, both of ProLogis; or Suzanne Dawson of Linden Alschuler
& Kaplan, Inc., +1-212-329-1420, , for ProLogis
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Research Group Releases New Report on South Korea's Industrial Property Markets
Date : 10/05/2009 @ 7:00AM
Source : PR Newswire
Stock : Prologis (PLD)
http://ih.advfn.com/p.php?pid=nmona&cb=1254742655&article=39752616&symbol=NY^PLD
DENVER, Oct. 5 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, today released a new research report entitled, "South Korea's Logistics Property Markets: Playing Catch-Up."
The report examines South Korea's under-developed industrial property markets against the backdrop of its postwar economic success. The report analyzes how this sector has been affected by the historical, political and geographical landscape of the country. It goes further to discuss how, over the past few decades, South Korea has made tremendous strides economically and how only recently the country has begun to focus on building modern distribution and supply chain networks.
"It is estimated that 95 percent of the existing inventory of warehouse and distribution space in South Korea is outdated and obsolete," commented Len Sahling, first vice president of the Prologis Research Group. "In response to intensifying global pressures, South Korean companies have begun to realize that they will need to create world-class logistics and supply chain networks to remain competitive in the world economy. Because South Korea's economy has remained vibrant through the worldwide recession and its real GDP is expected to resume growing at a rapid pace when the recession finally ends, the country's logistics property markets appear to possess abundant upside potential."
For a copy of the report on South Korea's logistics property markets, or other reports published by the ProLogis Research Group, please point your browser to: http://www.prologisresearch.com/supplychain/default.asp?reid=A3U21437887DE.
The ProLogis Research Group monitors, analyzes and reports on key trends and dynamics in both real estate and supply-chain management, drawing from industry data and primary research conducted by company analysts and a network of affiliated academics and other professionals. Past reports have focused on global supply chain dynamics, internet retailing, RFID technology, offshore outsourcing and other related topics.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434,
; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, , for ProLogis; or Investors, Melissa
Marsden of ProLogis, +1-303-567-5622,
Web Site: http://www.prologis.com/
http://www.prologisresearch.com/
califax
15 years ago
ProLogis Leases 128,000 Square Feet of Its Development Portfolio in the United Kingdom
Date : 09/30/2009 @ 7:00AM
Source : PR Newswire
Stock : Prologis Sbi (PLD)
http://ih.advfn.com/p.php?pid=nmona&article=39689845&symbol=PLD
- Company Signs Agreement With Leading Luxury Goods Group at ProLogis Park Stafford -
BIRMINGHAM, United Kingdom, Sept. 30 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it has signed a lease agreement during the third quarter for a newly developed, 128,000 square-foot distribution facility in the United Kingdom with WWRD UK Ltd. (WWRD), a leading luxury goods group that owns and operates the Waterford Crystal, Wedgwood and Royal Doulton brands.
WWRD will occupy Building Two at ProLogis Park Stafford, located in the West Midlands. The new ProLogis customer will use the facility as its European distribution hub, distributing products to all regions throughout the continent.
Andrew Griffiths, UK managing director at ProLogis commented, "WWRD Holdings is a worldwide operation famous for its highly prestigious brands. We are very pleased to have completed this transaction with such a significant new customer, which has its roots firmly planted in the Staffordshire region."
ProLogis Park Stafford comprises three buildings and approximately 903,000 square feet of distribution space. The park is conveniently located near major highways, including the M6, and is an ideal location for both regional and national distribution networks. Additional ProLogis customers at the park include Screwfix, Culina and Altecnic.
ProLogis is one of the largest providers of distribution space in the UK with a distribution portfolio totaling approximately 18.5 million square feet. Other major customers in the country include Amazon.com, Bosch-Siemens, Debenhams, DHL, GEFCO, Honda Logistics, Kuehne + Nagel, Sainsbury's, Superdrug and Tesco. For more information about ProLogis' UK portfolio, please visit http://www.prologis.co.uk/.
About WWRD Holdings Limited
WWRD Holdings Limited is the leading provider of luxury home and lifestyle products worldwide, sold under a number of well-recognized brands, including Waterford, Wedgwood, Royal Doulton, Royal Albert, Minton and Johnson Brothers. WWRD Holdings maintains unique licensing arrangements with some of the most high-profile innovators in the home and lifestyle market, including Vera Wang, Jasper Conran, John Rocha, Monique Lhuillier, Barbara Barry, Gordon Ramsay, Martha Stewart and Michael Aram. The Company's products are distributed through premium department stores and independent retailers and wholesalers around the world, including in the United States, United Kingdom, Japan, Canada, Australia and Ireland. WWRD Holdings employs more than 3,700 people worldwide.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Investors, Melissa Marsden, +1-303-567-5622,
, or Media, Mo Sheahan, +1-303-567-5434,
, both of ProLogis; or Suzanne Dawson of Linden Alschuler
& Kaplan, Inc., +1-212-329-1420, ; or UK Media, Terry Druce
of Druce PR, +44-1935-823-943, , both for ProLogis
Web Site: http://www.prologis.com/
califax
15 years ago
ProLogis Forms Global Renewable Energy Group
http://ir.prologis.com/releaseDetail.cfm?ReleaseID=412092
- Group Gives ProLogis' Renewable Energy Program Executive Leadership, Local Presence and Dedicated Global Resources -
- ProLogis Announces New Solar Project For 4.8 Megawatts in Spain -
DENVER, Sept 29, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has formed a Global Renewable Energy Group to procure new business, manage installations and provide development management services for renewable energy projects globally.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090929/LA82949)
"Even through the challenges of the global recession we are finding more ways to create additional value from existing assets," said Walt Rakowich, chief executive officer at ProLogis. "We are excited to announce the formation of this group, which will enable us to expand upon the proven success in wind and solar projects we already have demonstrated in five countries across Europe, Asia and North America."
In addition, ProLogis today announced a new, 4.8-megawatt (MW) solar project to be installed on eight of its rooftops at ProLogis Park Sant Boi in Barcelona and ProLogis Park Alcala in Madrid, Spain. ProLogis completed its first solar installation in France in 2005, and now has solar installations on 20 buildings covering 7.2 million square feet (669,000 square meters) of roof space.
"Upon completion of the new project in Spain, we will have more than 11 MW of solar installations on our rooftops, which is enough energy to power more than 1,100 homes per year," said Jack Rizzo, chief sustainability officer for ProLogis. "We are excited about the results of our renewable energy program so far, and expect to grow our portfolio significantly through the ongoing efforts of our Global Renewable Energy Group."
ProLogis has signed a lease agreement with Recurrent Energy, a distributed power company and a leading provider of solar energy, for two million square feet (180,000 square meters) of roof space in Spain. Recurrent Energy, the owner and operator of the system, will use the roof space to host the 4.8-MW solar installation, and will sell the energy produced to the local utility company through a feed-in tariff. ProLogis will provide construction management services in addition to receiving roof rental fees. Construction is expected to commence in October 2009.
"We have more than 450 million square feet (42 million square meters) of roof space worldwide, all of which is large, flat, unobstructed and ready to be permitted," said Drew Torbin, director of global renewable energy for ProLogis. "Even with this new installation, we are only utilizing less than two percent of this available roof space, leaving a lot of room for us to grow this new business."
Torbin added, "Our industrial rooftops create a unique host-site opportunity for utilities as well as private groups like Recurrent that invest in clean energy. With this space, we are able to solve one of the most basic issues involved in developing large-scale solar projects - the question of appropriate host sites - while also providing the construction management experience to get solar installations on the fast-track to completion."
The installation will be ProLogis' third solar project in Spain; the company also has installations in Tarragona and Zaragoza. Worldwide, ProLogis has projects located in the United States, Japan, France, Germany and Spain.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com.
About Recurrent Energy
Recurrent Energy is a distributed power company and a leading provider of solar electricity to utilities, government, and commercial customers. Located in San Francisco, the company is adapting traditional energy finance and business models to reinvent the business of distributed generation globally. By investing in a fleet of 2MW-20MW solar power plants sited close to areas of high demand, Recurrent Energy is helping to meet rising energy demand with clean power plants located right where they are needed most. The company has a pipeline of over 500MW of distributed-scale solar projects in development across North America and Europe. For more information on Recurrent Energy and distributed solar power, please visit www.recurrentenergy.com.
SOURCE ProLogis
http://www.prologis.com
Copyright (C) 2009 PR Newswire. All rights reserved
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CAPTION: ProLogis' newly formed Global Renewable Energy Group announced today a new solar project in Spain totaling 4.8 megawatts. ProLogis signed a lease with Recurrent Energy for two million SF of roof space. Recurrent will use the space to host its installations, selling energy produced to local utilities through a feed-in tariff. ProLogis will provide construction management services and receive roof rent. Photo shows rendering of project on five buildings at ProLogis Park Sant Boi. (PRNewsFoto/ProLogis)
LOCATION: DENVER, CO, UNITED STATES
POST DATE: Sep/29/2009 7:02 AM
TAG ID: prnphotos085549
FORMAT: 9.0" x 6.2" @ 300 DPI (2700 x 1860 Color JPEG)
SPECIAL: SEE STORY 20090929/LA82949, DV Media contact: Media, Mo Sheahan, +1-303-567-5434, msheahan@prologis.com; or Suzanne Dawson+1-212-329-1420, sdawson@lakpr.com, for ProLogis; or Investors, Melissa Marsden, +1-303-567-5622, mmarsden@prologis.com.
Document: PROLOGIS NEW SOLAR PROJECT
MGG
15 years ago
ProLogis Leases 154,000 Square Feet in the Czech Republic
- Third-Party Logistics Provider Takes Development Portfolio Space at ProLogis Park Ostrava -
PRAGUE, Sept. 10 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it has leased 154,000 square feet (14,300 square meters) of newly developed distribution space during the third quarter to Geis Logistics, a full-service, global logistics company.
Geis Logistics will take the space in Building Two at ProLogis Park Ostrava, a logistics park located approximately nine miles (14 kilometers) west of the Ostrava city center, a major administrative and manufacturing hub in eastern Czech Republic. The park is positioned between the D47 motorway and the city's ring road, approximately 12 miles (20 kilometers) from the Ostrava International Airport.
"The Moravian region of the Czech Republic is an important location for the Geis Group," states Dr. Johannes Sollner, managing director for Geis Holding. "Our new state-of-the-art facility in ProLogis Park Ostrava will serve both as a central warehouse for our operations in the Czech Republic and Slovakia, and a gateway into the Eastern European markets."
ProLogis Park Ostrava comprises two buildings for a combined total of 710,000 square feet (66,000 square meters) of warehouse and office space. Other ProLogis customers at ProLogis Park Ostrava include Richter + Frenzel and In Time Spedice.
"Due to its strategic location, access to a highly qualified local labor force and good public transport connections, Ostrava is quickly becoming a popular location for logistics and light production companies," said Mario Sander, market officer for ProLogis in the Czech Republic and Slovakia. "We welcome Geis Logistics to the ProLogis network in Central and Eastern Europe, and look forward to working closely with the customer to ensure optimal building efficiency."
ProLogis' portfolio in the Czech Republic includes six distribution parks for a total of 6.5 million square feet (605,000 square meters) of distribution space owned, managed or under development.
About Geis CZ and General Parcel Cechy
Geis CZ s.r.o., the Geis Group's Czech subsidiary, employs more than 800 employees at 16 sites across the Czech Republic, and is one of the largest logistics service providers in the country. Geis CZ offers its customers true one-stop shopping: Its range of services extends from national and international forwarding, through airfreight and sea freight, to contract logistics and parcel and express services. All these CEP services are carried out by General Parcel Cechy, which is wholly-owned by the Geis Group.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434,
; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, , for ProLogis; or Investors, Melissa
Marsden of ProLogis, +1-303-567-5622,
Web Site: http://www.prologis.com
MGG
15 years ago
ProLogis Leases 382,000 Square Feet of Its Development Portfolio to Marks & Spencer in the United Kingdom
BIRMINGHAM, England, Sept. 9 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has signed a new lease agreement at ProLogis Park Stoke in the UK for 382,000 square feet to Marks & Spencer, a leading UK retailer.
"ProLogis' flexibility has resulted in the smooth and swift completion of this third-quarter transaction and has provided Marks & Spencer with a new building that provides additional distribution space in Stoke-on-Trent," said Jonathan Buck, UK first vice president, development for ProLogis.
ProLogis Park Stoke is located on Campbell Road approximately one hour from the Birmingham city center in the heart of the West Midlands and has easy access to the A500 dual carriageway from the M6 motorway at junction 15.
Andrew Griffiths, UK managing director for ProLogis said, "This transaction is proof of ProLogis' ability to provide our customers, such as Marks & Spencer, with market-leading services both in the availability of our buildings and land, and in the quality of our product."
This transaction at Stoke-on-Trent continues ProLogis' business relationship with Marks & Spencer. The retailer is scheduled to take occupancy of a one-million-square-foot distribution facility late in 2010 that ProLogis is in the process of constructing at Bradford.
Jason Keegan, head of general merchandise logistics at Marks & Spencer, says: "Our relocation to a new site in Stoke-on-Trent will give us even greater flexibility and efficiency in our supply chain operations. Our ongoing relationship with ProLogis enabled us to move quickly when the opportunity became available and we look forward to working with the company in Stoke-on-Trent."
ProLogis is one of the largest providers of distribution space in the UK with approximately 18.5 million square feet of assets owned, managed or under development. Other major customers in the country include ASOS.com, Bosch-Siemens, Debenhams, DHL, GEFCO, Honda Logistics, Sainsbury's, Screwfix, Spec Savers and Superdrug. For additional information about the company's UK portfolio, please visit http://www.prologis.co.uk/.
About ProLogis
ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.
DATASOURCE: ProLogis
CONTACT: Media, Mo Sheahan, +1-303-567-5434, , or
Investors, Melissa Marsden, +1-303-567-5622, , both of
ProLogis; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,
+1-212-329-1420, ; or UK Media, Terry Druce of Druce PR,
+44-1935-823-943, , both for ProLogis
Web Site: http://www.prologis.com/
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