23/04/2007
23 April 2007 – Luxembourg
– ProLogis European Properties (Euronext: PEPR),
Europe’s largest owner of modern warehouse distribution
facilities, announced today that it has leased a 20,500 square
metre distribution centre to Consum, the Spanish consumer goods
company.
Consum will occupy space previously leased by supermarket
conglomerate Dinosol at ProLogis Park Sant Boi, located southwest
of Barcelona. The five year agreement follows Consum’s
acquisition of 53 Supersol supermarkets and two distribution
centres from Dinosol in Cataluña in January of this
year. The transaction was completed on behalf of PEPR by
ProLogis (NYSE: PLD), manager of the PEPR portfolio.
Andrés Donoso, development manager for Consum said, "Through
the acquisition of Dinosol, Consum has doubled the number of
supermarkets in Cataluña. Being in a 20,500 square metre
distribution centre in Sant Boi, less than 10 kilometres from
Barcelona, provides a strategic advantage as 70 percent of our
supermarkets are located in this area."
Ralf Wessel, senior vice president and head of asset management for
ProLogis European Properties commented “We’re very
pleased to announce this agreement with Consum, a growing customer
for PEPR. This transaction, achieved at current market rents,
increases net income received thereby enhancing returns for
unitholders.”
ProLogis Park Sant Boi is the most modern industrial development in
Barcelona, with 1 kilometre of unobstructed highway frontage and
immediate access to the Tarragona bound C32 highway. Its
prime location is only 4 kilometres from Barcelona’s
international airport and 6 kilometres from the port’s Free
Trade Zone with excellent links to Barcelona’s highway
system.
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.