MILAN, Italy, July 13 /PRNewswire-FirstCall/ -- ProLogis , a leading global provider of distribution facilities and services, announced today that it has signed a build-to-suit agreement with NYK Logistics, an international third-party logistics company, for 355,804 square feet (33,055 m2) in ProLogis Park Romentino. This is the first lease that NYK Logistics has signed with ProLogis in Italy, although it represents the ninth facility that the logistics company leases from ProLogis worldwide, including facilities in France, Germany, Hungary, the Czech Republic, Great Britain and the United States.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990420/PROLOGIS)
According to Alexandra Lopes, vice president of ProLogis, "We are excited that NYK has chosen ProLogis and ProLogis Park Romentino for their distribution facility needs. Romentino is an important link between Turin, Milan and Genoa, and the region is a significant hub on the Corridor 5, the main transportation corridor for intermodal transport in Southern Europe, linking Lisbon, Portugal to Kiev, Ukraine."
Romentino is located approximately 22 miles (36 km) west of Milan and is just 12 miles (19 km) from the Malpensa Airport. ProLogis Park Romentino is located directly on the A4 connecting Turin and Milan. The facility is scheduled for completion by the end of 2004. ProLogis also will develop three additional facilities totaling 861,000 square feet (80,000 m2) in ProLogis Park Romentino, with expected completion in 2005.
About ProLogis
ProLogis is a leading provider of distribution facilities and services with 247.5 million square feet (23 million square meters) in 1,790 distribution facilities owned, managed and under development in 70 markets in North America, Europe and Asia. ProLogis continues to expand the industry's first and only global network of distribution facilities with the objective of building shareholder value. The company expects to achieve this through the ProLogis Operating System(R) and its commitment to be 'The Global Distribution Solution' for its customers, providing exceptional facilities and services to meet their expansion and reconfiguration needs.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990420/PROLOGISAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com ProLogis
(Logo: http://www.newscom.com/cgi-bin/prnh/19990420/PROLOGIS)
According to Alexandra Lopes, vice president of ProLogis, "We are excited that NYK has chosen ProLogis and ProLogis Park Romentino for their distribution facility needs. Romentino is an important link between Turin, Milan and Genoa, and the region is a significant hub on the Corridor 5, the main transportation corridor for intermodal transport in Southern Europe, linking Lisbon, Portugal to Kiev, Ukraine."
Romentino is located approximately 22 miles (36 km) west of Milan and is just 12 miles (19 km) from the Malpensa Airport. ProLogis Park Romentino is located directly on the A4 connecting Turin and Milan. The facility is scheduled for completion by the end of 2004. ProLogis also will develop three additional facilities totaling 861,000 square feet (80,000 m2) in ProLogis Park Romentino, with expected completion in 2005.
About ProLogis
ProLogis is a leading provider of distribution facilities and services with 247.5 million square feet (23 million square meters) in 1,790 distribution facilities owned, managed and under development in 70 markets in North America, Europe and Asia. ProLogis continues to expand the industry's first and only global network of distribution facilities with the objective of building shareholder value. The company expects to achieve this through the ProLogis Operating System(R) and its commitment to be 'The Global Distribution Solution' for its customers, providing exceptional facilities and services to meet their expansion and reconfiguration needs.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990420/PROLOGISAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com ProLogis
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