PEPR sees continued leasing activity in the Netherlands

ProLogis European Properties, Europe's leading owner of warehouse distribution facilities, announced on Tuesday that it has signed two lease agreements for a total of 12,700 m² in ProLogis Park Eemhaven, near Rotterdam.

The first agreement is a five-year lease extension, under the same terms, with Caretrex Logistiek, a Dutch third-party logistics provider, for 8,500 m² to October 2013.

The second agreement is a new lease with Dutch third-party logistics provider TGN, a subsidiary of transport holding company Fritom. TGN will occupy 4,200 m² of previously vacant space in Eemhaven DC2 for a period of four years, from January 2009 to December 2013.

ProLogis Park Eemhaven consists of four facilities totalling 56,200 m² located in the port of Rotterdam and in the vicinity of the Rail Service Center. The transactions were completed on behalf of PEPR by ProLogis, manager of the PEPR portfolio. ProLogis was advised by Jones Lang LaSalle and Ooms Makelaars.