AMSTERDAM, July 20, 2010 /PRNewswire via COMTEX News Network/ -- AMSTERDAM, July 20 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has signed three build-to-suit agreements in Europe, totaling approximately 389,000 square feet (36,100 square meters).
Together, these developments represent approximately $31 million of total expected investment, and approximately $8 million of land monetization, helping ProLogis meet its 2010 development goals. The company aims to achieve $700 to $800 million of global development starts and $350 to $400 million of land monetization during 2010.
The build-to-suit projects include agreements in:
ProLogis has a proven track record for best-in-class industrial development and the ability to meet its customers' specific industrial development needs throughout North America, Europe and Asia. As of December 31, 2009, the company has developed more than 300 million square feet (27 million square meters) of ProLogis-owned and managed facilities.
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.
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