PEPR agrees Polish lease extension and expansion with Delta Plus
Group for 8,300 square metres
News release
ProLogis European Properties agrees Polish lease extension and
expansion with Delta Plus Group for 8,300 square metres
Luxembourg - 28 May 2009 - ProLogis European Properties (Euronext:
PEPR), Europe's largest owner of modern warehouse distribution
facilities, today announces that it has extended a 4,500 square metre
lease in Sosnowiec with Delta Plus Group for an additional sixteen
months to August 2012 at the passing rent and finalised a new lease
for another 3,800 square metres in the same facility to the new
maturity date at current market rents. Delta Plus Group, a worldwide
leader in the manufacture and distribution of personal protective
equipment, now occupies a total 8,300 square metres of distribution
space at ProLogis Park Sosnowiec.
Simon Nelson, head of asset management of PEPR said: "We are pleased
to be able to expand our relationship with Delta Plus Group following
their successful business development. This transaction demonstrates
our focus on customer service and the demand for modern, efficient
warehouse space in the right location."
The transactions were completed on behalf of PEPR by ProLogis (NYSE:
PLD), manager of the PEPR portfolio.
-Ends-
For further information, please contact:
Investor relations
ProLogis European Properties +44 20 7518 8708
Jennifer van der Eem, VP Investor Relations
jvandereem@prologis.com
Media
M:Communications +44 20 7153 1523 or 7153 1549
Ed Orlebar / Charlotte McMullen
orlebar@mcomgroup.com / mcmullen@mcomgroup.com
About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, which listed on Euronext
Amsterdam on 22 September 2006, is the largest pan-European owner of
high quality distribution and logistics facilities. Established in
1999, PEPR is a real estate investment fund (organised as a
Luxembourg closed-ended fonds commun de placement) externally managed
by a subsidiary of ProLogis (NYSE: PLD), a leading global provider of
industrial distribution facilities.
As at 31 March 2009, PEPR has a portfolio of 246 buildings, covering
5.2 million square metres in 11 European countries, with an estimated
net open market value of ¤3.4 billion. The portfolio has an
occupancy level of 97.0% and an average of 3.9 years to the next
lease break or 6.2 years to lease expiry.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.