Prologis European Properties, Europe's largest owner of modern warehouse distribution facilities, announced on Monday that it has renewed three leases in France, covering a total of 62,900 m[sup]2[/sup].
Prologis European Properties, Europe's largest owner of modern warehouse distribution facilities, announced on Monday that it has renewed three leases in France, covering a total of 62,900 m2.
Two lease agreements are with MGF Logistique, a French provider of storage and logistics services, in Prologis Park Isle d’Abeau in Lyon. The first is a nine-year lease renewal, to March 2016, for 20,900 m2 of space and the second lease, covering 24,100 m2, is an 11-year renewal to April 2018. The combined space will enable MGF to provide distribution services for Salomon, a high-end mountain sports company.
The third lease agreement is with DHL Supply Chain, a subsidiary of Deutsche Post DHL, which has renewed its 17,900 m2 lease in Lille for a further 12 years until December 2020. DHL Supply Chain will use the facility to provide third party logistics services to a consumer products customer.
The transactions were completed on behalf of PEPR by Prologis, manager of the PEPR portfolio.
