18/04/2007
18 April 2007 – Luxembourg – ProLogis European Properties (Euronext: PEPR), Europe’s largest owner of modern warehouse distribution facilities, announced today that it has leased more than 12,200 square metres of space to two existing customers at ProLogis Park Prague in the Czech Republic.
SETTO spedition, a forwarding and logistics company with
branches in the Czech Republic, Slovakia and Ukraine, has leased an
additional 9,530 square metres of space under a five year
agreement. SETTO currently leases 6,130 square metres in the same
facility at the park.
Kenvelo, one of the most popular fashion chains in the Czech
Republic, has leased an additional 2,730 square metres for a term
of four years. Kenvelo already leases 4,680 square metres in
the same facility and will use the combined space for local and
regional distribution.
Tomáš Hanzlík, chief executive officer of
SETTO spedition commented, “The ability to expand within
ProLogis Park Prague enables us to create an even more flexible and
efficient logistics network and to distribute goods on a larger
scale.”
“This transaction is a logical step reflecting our continued
expansion. We are very satisfied with the level of services
provided by ProLogis and look forward to the same level of
co-operation in the future,” said Giorgia Margutti, chief
operations officer of Kenvelo.
Robert Watson, chief executive officer of PEPR said, “We are
very pleased that both customers have expanded within ProLogis Park
Prague. Maintaining a critical mass of space in our target
markets allows us to serve and retain our customers as they
continue to grow their businesses.”
The transaction was completed on behalf of ProLogis European
Properties by ProLogis (NYSE: PLD), manager of the ProLogis
European Properties portfolio.
ProLogis Park Prague D1 West and East consists of 13 facilities
totalling 190,300 square metres and is located approximately 11
kilometres southeast of Prague at the Øíèany
– Jesenice junction, directly off the major D1
motorway. Customers at the park include companies such as
DHL, Nagel, UTC, NYK, Tesco, Rossmann, L’Oreal,
Schneidersohne Papier, Hellmann PKZ and P&P spendition
trading.
-Ends-
For further information, please contact:
Investor relations
ProLogis European Properties +44 207 518 8708
Jennifer van der Eem, VP Investor Relations
jvandereem@prologis.com
Media
M:Communications +44 20 7153 1523 or 7153 1538
Ed Orlebar / Sarah Hamilton
orlebar@mcomgroup.com /
hamilton@mcomgroup.com
About ProLogis European Properties (PEPR)
ProLogis
European Properties, or PEPR, which listed on Euronext Amsterdam on
22 September 2006, is a leading pan-European owner of high quality
distribution and logistics facilities. PEPR's portfolio
of real estate is located in 25 submarkets within 11 European
countries. Established in 1999, PEPR is a real estate
investment fund (organised as a Luxembourg closed-ended fonds
commun de placement) externally managed by a subsidiary of
ProLogis, a leading U.S. based real estate investment trust that
operates a global network of industrial distribution
properties
As at the end of March 2007, PEPR owned 291 distribution facilities
covering approximately 5.7 million square metres of leasable
space. PEPR’s customers are large third party logistic
service providers as well as a broad range of companies in the
retail and manufacturing sectors.