AMB Property pre-leases 5,000 m[sup]2[/sup] to Fiskars

AMB Property France, an affiliate of industrial developer AMB Property Corporation, has announced that it has pre-leased approximately 5,000 m² of its AMB Villebon Industrial Center development to Fiskars Brands France. Fiskar, a global marketer and manufacturer of value-added, branded consumer and commercial products, will use the site as its French headquarters as well as to facilitate its growing French distribution operations.

AMB Villebon Industrial Center is projected to total around 8,900 m² of distribution space, with completion scheduled for the fourth quarter of 2008. The development will comprise two Class A office buildings of 4,200 m² and 4,700 m² of leasable office and light industrial space. The centre is located in Villebon sur Yvette in proximity to over 1,000 multinational companies located in Courtaboeuf International Business Park. SJ Berwin and Cap Performance advised AMB while BMH Avocats and EOL - Entrepot On Line were advisers to Fiskars Brands France. At the end of the first quarter of 2008 AMB's European portfolio comprised over 1.1 million m² of operating and development properties, of which 387,000 m² is located in France.

Francois Rispe, AMB's vice president, general manager, France, commented: 'AMB's customer-driven strategy focuses on prime locations along the supply chain, such as airports, seaports and distribution hubs. At less than five kilometres from Orly International Airport and approximately 20 kilometres from the urban population of Paris, this facility helps our customers speed their goods to their customers.'