ProLogis European Properties leases over 32,000 square metres in the Netherlands
10/12/2007
10 December 2007 – Luxembourg –
ProLogis European Properties (Euronext: PEPR),
Europe’slargest owner of modern warehouse distribution
facilities, announced today that it has leased over 32,000 square
metres of distribution space in the Rotterdam area to a leading
global logistics provider that operates in more than fifteen
European countries.
This agreement covers space in three buildings: Eemhaven DC1,
Eemhaven DC2 and Maasvlakte DC1. The company will now occupy the
whole of Eemhaven DC1, one unit in Eemhaven DC2 and four units in
Maasvlakte DC1. The Eemhaven lease agreements will run for a total
of five years, with Maasvlakte DC1 as a short term solution ending
in December 2008. The transaction was completed on behalf of PEPR
by ProLogis (NYSE: PLD), manager of the PEPR portfolio.
Robert Watson, chief executive officer of PEPR said, “This
transaction demonstrates the value and importance to our customers
of the critical mass PEPR has in major markets, allowing us to
satisfy a wide array of customer requests and continuing our
success in creating long-term value and current return for our
unitholders. We already serve this highly valued customer in two
European countries and are very pleased to be extending our
successful relationship with them.”
Home to the busiest port in Europe, Rotterdam is an excellent
location from which companies can effectively manage their supply
chains. PEPR currently owns 208,400 square metres of distribution
space at or near the port of Rotterdam.
ProLogis was advised by Jones Lang Lasalle and Ooms Makelaars on
the leasing of all three buildings. In addition, DTZ Zadelhof
advised on the leasing of Maasvlakte DC1.
- 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
1549
Ed Orlebar / Charlotte McMullen
orlebar@mcomgroup.com /
mcmullen@mcomgroup.com
About ProLogis European Properties
(PEPR)
ProLogis European Properties, or PEPR, which
listed on Euronext Amsterdam on 22 September
2006, is the largest pan-European owner of high quality
distribution and logistics facilities Established in 1999, PEPR is
a real estate investment fund (organised as a Luxembourg
closedended fonds commun de placement) externally managed by a
subsidiary of ProLogis, the world’s largest owner, manager
and developer of industrial distribution properties.
As at 30 September 2007, PEPR’s directly owned portfolio
comprised 247 buildings, covering 5.2 million square metres in 11
European countries, with an open market value estimated at
€4.2 billion. The modern portfolio has an attractive risk
profile, with high occupancy at 97.1%, a diversified customer base,
and 4.8 years to next lease break or 6.8 years to lease expiry on
average. When combining PEPR's directly owned portfolio with
ProLogis European Properties Fund II's portfolio, in which PEPR has
a 30% stake, the combined portfolio consists of 273 buildings,
covering 5.9 million square metres in 12 European countries, with
an open market value estimated at €4.8 billion. The combined
portfolio risk profile improves with occupancy at 97.4% and 5.2
years to next lease break or 7 years to lease expiry on average.
PEPR and PEPF II’s customers are large third party logistic
service providers as well as a broad range of companies in the
retail and manufacturing sectors.
PEPR results for the quarter and year ended 31 December 2011
PEPR results for the quarter and year ended 31 December 2011 (81KB)
08 February 2012
