Logistics provider ProLogis rents industrial space
25 May '06
2 min read
ProLogis, a leading global provider of distribution facilities and services, announced that it has signed new lease agreements totaling approximately 900,000 square feet (83,600 square meters) of space in the United Kingdom.
The five leases vary in size from 55,000 to 387,000 square feet at various ProLogis facilities in London, the West Midlands and northwest England. All of the agreements are for previously unleased inventory or for space that is due to be completed later this year.
"The pace and scale of the leasing activity that we're seeing throughout the country continues to be remarkable," said Alan Curtis, managing director and head of UK operations. "We're extremely pleased with the success we've seen so far this year, attributable not only to the underlying strength of the market, but to solid execution by our UK team and our continued focus on customer service."
ProLogis is the United Kingdom's largest provider of distribution facilities, with approximately 15.3 million square feet (1,400,000 square meters) of industrial space owned, managed and under development.
Customers in the UK include leading companies from a wide variety of industries, including Bosch-Siemens, The Co-operative Group, GEFCO, Honda Logistics, fashion retailer John Lewis and Pirelli.
ProLogis is a leading provider of distribution facilities and services with 388.6 million square feet (36.1 million square meters) in 2,337 properties owned, managed and under development in 79 markets in North America, Europe and Asia as of March 31, 2006.
The company continues to expand the industry's first and largest global network of distribution facilities with the objective of building shareholder value. The company expects to achieve this through the ProLogis Operating System and its commitment to provide exceptional facilities and services to meet its customers' expansion and reconfiguration needs.
marketing@alchempro.com
