ProLogis Leases 128,000 Square Feet of Its Development Portfolio in the United Kingdom
- Company Signs Agreement With Leading Luxury Goods Group at ProLogis Park Stafford -
BIRMINGHAM, United Kingdom, Sept. 30 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has signed a lease agreement during the third quarter for a newly developed, 128,000 square-foot distribution facility in the United Kingdom with WWRD UK Ltd. (WWRD), a leading luxury goods group that owns and operates the Waterford Crystal, Wedgwood and Royal Doulton brands.
WWRD will occupy Building Two at ProLogis Park Stafford, located in the West Midlands. The new ProLogis customer will use the facility as its European distribution hub, distributing products to all regions throughout the continent.
Andrew Griffiths, UK managing director at ProLogis commented, "WWRD Holdings is a worldwide operation famous for its highly prestigious brands. We are very pleased to have completed this transaction with such a significant new customer, which has its roots firmly planted in the Staffordshire region."
ProLogis Park Stafford comprises three buildings and approximately 903,000 square feet of distribution space. The park is conveniently located near major highways, including the M6, and is an ideal location for both regional and national distribution networks. Additional ProLogis customers at the park include Screwfix, Culina and Altecnic.
ProLogis is one of the largest providers of distribution space in the UK with a distribution portfolio totaling approximately 18.5 million square feet. Other major customers in the country include Amazon.com, Bosch-Siemens, Debenhams, DHL, GEFCO, Honda Logistics, Kuehne + Nagel, Sainsbury's, Superdrug and Tesco. For more information about ProLogis' UK portfolio, please visit www.prologis.co.uk.
About WWRD Holdings Limited
WWRD Holdings Limited is the leading provider of luxury home and lifestyle products worldwide, sold under a number of well-recognized brands, including Waterford, Wedgwood, Royal Doulton, Royal Albert, Minton and Johnson Brothers. WWRD Holdings maintains unique licensing arrangements with some of the most high-profile innovators in the home and lifestyle market, including Vera Wang, Jasper Conran, John Rocha, Monique Lhuillier, Barbara Barry, Gordon Ramsay, Martha Stewart and Michael Aram. The Company's products are distributed through premium department stores and independent retailers and wholesalers around the world, including in the United States, United Kingdom, Japan, Canada, Australia and Ireland. WWRD Holdings employs more than 3,700 people worldwide.
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 4,500 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.
Released September 30, 2009