ProLogis Leases 220,000 Square Feet Near Paris to Sony
PARIS, July 24 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that it has leased a recently completed distribution center to Sony DADC France, a leading provider and distributor of audio, video and communications content and products.
The company has leased a 220,000-square-foot (20,400-square-meter) industrial warehouse at ProLogis Park Chanteloup, located in the town of Moissy-Cramayel, southeast of Paris. Sony DADC France will use the facility as a major new pan-European hub to distribute various media formats, including movies, music and video games.
"We are very pleased to have signed our first lease agreement in Europe with Sony, one of the world's most recognized brands in consumer electronics and entertainment," said Ranald Hahn, ProLogis managing director for southern Europe. "We look forward to working closely with Sony at their new location and to helping them achieve efficiencies throughout their logistics network in this region."
Also today, ProLogis announced it has signed an agreement to develop a 374,000-square-foot (34,700-square-meter) distribution center at the park for Locaposte, a division of La Poste, the French national postal service. The agency plans to use the facility as its primary warehouse and parcel sorting office in the Paris region.
ProLogis Park Chanteloup is located on the Francilienne (second Parisian beltway), in close proximity to the A4, A5 and A6 motorways. The park, which currently contains five facilities, will comprise ten buildings totaling 2.7 million square feet at full build-out.
ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 103 markets across North America, Europe and Asia. The company has $28.6 billion of assets owned, managed and under development, comprising 436.9 million square feet (40.6 million square meters) in 2,525 properties as of March 31, 2007. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs more than 1,300 people worldwide. For additional information about the company, go to http://www.prologis.com.
Released July 24, 2007