ProLogis Leases 90,000 Square Feet in Romania to Geodis
BUCHAREST, Romania, June 10 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today that it has leased 90,000 square feet (8,400 square meters) of newly developed space in Bucharest, Romania, to Geodis, a third party logistics and international transport provider and subsidiary of SNCF (French Railway), known in Romania as Geodis Calberson.
Geodis will occupy space in a facility at ProLogis Park Bucharest A1, a modern logistics park located along the Bucharest-Pitesti highway, which is Romania's primary east-west interstate approximately 23 kilometers west of downtown Bucharest. Geodis, which currently leases warehouse space from ProLogis in nine European countries, will operate the facility as a regional distribution center for customers with logistics requirements throughout Romania.
"It is not atypical to see a flight to quality as economic conditions soften, and this dynamic is increasing in Central and Eastern Europe," said Ben Bannatyne, managing director for ProLogis. "We are pleased our high quality facilities continue to attract leading companies such as Geodis, and to once again be working with them in one of our parks. ProLogis Park Bucharest A1 is an excellent choice, not only for its strategic proximity to both Eastern and Western Europe, but for its sustainable design and construction."
"Geodis is a global customer of ProLogis; our partnership is strong and on a long term basis," said Pierre Kosc, general manager for Geodis Calberson in Romania. "We know from experience that in order for a business to successfully grow you need reliable partners to help support you along the way. ProLogis is exactly this kind of a partner and together, we believe we can achieve our goal of being the best in the field of transport and logistics. This new agreement with ProLogis is the third lease we have signed with them in Romania, which is proof of our satisfaction with the superb logistical facilities offered by the company."
ProLogis Bucharest A1 consists of four buildings totaling 1.16 million square feet (108,600 square meters) of industrial space, of which 300,000 square feet (28,000 square meters) is EPC (Energy Performance Certificate) A-rated. The award-winning park has been recognized as the "Best Industrial Real Estate Project in South Eastern Europe" by Europaproperty.com as part of their "Project of the Year" awards program for two years in a row.
In addition to Geodis, other customers at the park include Augsburg International Impex, cargo-partner, Centrum Logistics, Flamingo Romania, Gefco, Geodis Calberson, Kuehne+Nagel and Omega Transport & Logistics.
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 June 10, 2009