ProLogis European Properties extends lease maturity on 42,700 square
metres of distribution space in
ProLogis European Properties extends lease maturity on 42,700 square metres of distribution space in Italy
(Thomson Reuters ONE) - Luxembourg - 21 July 2009 - ProLogis European Properties (Euronext:PEPR), Europe's largest owner of modern distribution facilities,announced today that it has extended for a further three years thematurity of two lease agreements in ProLogis Park Piacenza in Italywith Difarco, Italy's leading distribution company for cosmetics andpharmaceuticals.The first lease, covering 30,900 square metres, will now expire inDecember 2014 and the second, for 11,800 square metres, will expirein September 2015. Difarco will continue to use the facilities todistribute cosmetics and pharmaceuticals throughout Italy and abroad.Marino Grossi, director of the Piacenza site for Difarco commented:"Over the last seven years, ProLogis, as external manager anddeveloper, has provided us with a consistently high level of customerservice and played a significant role in helping us to manage oursupply chain more efficiently. ProLogis Park Piacenza isstrategically located just south of Milan on the A1 and A21motorways, giving us easy access to major transport routes throughoutItaly."Simon Nelson, head of asset management said "We are delighted to beextending our relationship with one of PEPR's most valued customersin Italy, which is an important market for us. Whilst recent economicconditions in the country have been challenging, we are stillreceiving good levels of rental income and continue to focus onmaintaining our high occupancy levels across the portfolio." -Ends-For further information, please contact:Investor relationsProLogis European Properties +44 20 7518 8708Jennifer van der Eem, VP Investor Relationsjvandereem(at)prologis.comMediaM:Communications +44 20 7153 1523 or 7153 1549Ed Orlebar / Charlotte McMullenorlebar(at)mcomgroup.com / mcmullen(at)mcomgroup.comAbout ProLogis European Properties (PEPR)ProLogis European Properties, or PEPR, which listed on EuronextAmsterdam on 22 September 2006, is the largest pan-European owner ofhigh quality distribution and logistics facilities. Established in1999, PEPR is a real estate investment fund (organised as aLuxembourg closed-ended fonds commun de placement) externally managedby a subsidiary of ProLogis (NYSE: PLD), a leading global provider ofindustrial distribution facilities.As at 31 March 2009, PEPR has a portfolio of 246 buildings, covering5.2 million square metres in 11 European countries, with an estimatednet open market value of ?3.4 billion. The portfolio has anoccupancy level of 97.0% and an average of 3.9 years to the nextlease break or 6.2 years to lease expiry.http://hugin.info/139145/R/1330045/314242.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 21.07.2009 - 11:12 Uhr
Sprache: Deutsch
News-ID 3788
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