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ProLogis Leases More Than 100,000 Square Feet to Distribution Company in Romania

December 10, 2008

BUCHAREST, Romania, Dec. 10 /PRNewswire-FirstCall/ — ProLogis
(NYSE: PLD), a leading global provider of distribution facilities, announced
today that it has leased more than 100,000 square feet (9,300 square meters)
in Bucharest, Romania, to the Flamingo Group, one of Romania’s largest
electrical retail and IT distribution companies.

Flamingo has leased the space in a 295,000-square-foot (27,400-square-
meter) distribution facility at ProLogis Park Bucharest A1. The park is
located along the A1 motorway, Romania’s primary east-west highway,
approximately 23 kilometers west of downtown Bucharest. This is ProLogis’
first lease with Flamingo. The new agreement brings the park’s occupancy to
more than 90 percent within four months of completion.

“We are pleased to announce this new transaction with Flamingo, ProLogis’
first customer in the CEE region representing the electrical retail and IT
industry,” said Ben Bannatyne, managing director for ProLogis in Central and
Eastern Europe. “We are starting to see new demand for modern facilities from
a wider sampling of customer groups as more companies decide to outsource
their supply chain requirements. ProLogis has a world-class portfolio of
strategically located distribution properties throughout the CEE region, and
is proud to have been selected to provide Flamingo’s new facility in
Bucharest.”

ProLogis Park Bucharest A1 currently consists of four facilities totaling
more than 1.16 million square feet (108,200 square meters) of industrial
space. Other customers at the park include Centrum Logistics, Augsburg
International Impex, Kuehne + Nagel, Omega Transport & Logistics, Geodis
Calberson and Gefco.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with
operations across North America, Europe and Asia. The company has $40.8
billion
of assets owned, managed and under development, comprising 548 million
square feet (51 million square meters) in 2,898 facilities as of September 30,
2008
. ProLogis’ customers include 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/.

SOURCE ProLogis


Source: newswire



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