New York-listed AMB Property Corporation has boosted its leasing portfolio in Europe by 13,000 m[sup]2[/sup] since the start of this year. 'We are encouraged by the recent leasing activity,' said Mo Barzegar, AMB's managing director, Europe. 'Our customers continue to be cautious about making long-term decisions regarding the take-up of space. However, location remains an important consideration as cargo-flow through the major European ports and airports continue to build.'
New York-listed AMB Property Corporation has boosted its leasing portfolio in Europe by 13,000 m2 since the start of this year. 'We are encouraged by the recent leasing activity,' said Mo Barzegar, AMB's managing director, Europe. 'Our customers continue to be cautious about making long-term decisions regarding the take-up of space. However, location remains an important consideration as cargo-flow through the major European ports and airports continue to build.'
Recent leasing activity within AMB's Europe development portfolio includes 10,280 m2 of AMB Bleiswijk Distribution Center in the Netherlands to Drake & Farrell Logistics. This facility is a newly developed, multi-tenant, state-of-the-art warehouse located near Rotterdam. AMB also leased 2,720 m2 of AMB Barajas Logistics Park to a leading provider of forwarding and logistics services. This development is immediately adjacent to Madrid's Barajas International Airport. The lease was signed by a top 10 global customer who now leases from AMB in nine markets.
At end-June 2010, AMB's portfolio in Europe totalled approximately 1.3 million m2 of operating and development properties in Belgium, France, Germany, Italy, the Netherlands, Spain and the UK.
