AMB pre-leases more than 10,800 m[sup]2[/sup] near Rotterdam

Industrial real estate developer and operator AMB Property Corporation has leased more than 116,000 sq ft (10,800 m2) of space in its AMB Bleiswijk Distribution Center development near Rotterdam to an unnamed manufacturing company. The tenant will use the facility to consolidate its operations in the Benelux region, AMB said.

'Our portfolio in Europe continues to deliver results, as highlighted by this latest development lease in Rotterdam, a successful market for AMB where our operating assets are 100% leased,' said Mo Barzegar, AMB's managing director for Europe.

AMB Bleiswijk Distribution Center is located along a major logistics corridor of the Netherlands, which is one of the biggest logistics and distribution hubs in the world, due in large part to the port of Rotterdam. At end-December 2008, AMB's portfolio of operating and development properties in the Netherlands totalled some 3.5 million sq ft (321,800 m2).