Prologis, a global provider of distribution facilities, has leased more than 38,560 m[sup]2[/sup] in southern France to Point P, one of France's top distributors of construction materials and a subsidiary of the Saint-Gobain Group.
Prologis, a global provider of distribution facilities, has leased more than 38,560 m2 in southern France to Point P, one of France's top distributors of construction materials and a subsidiary of the Saint-Gobain Group.
Point P's new lease is for space in a 58,000-m2 facility currently under construction at Prologis Park Clesud. This is one of Prologis' largest distribution parks in southern France totalling 224,000 m2 across nine buildings. Point P plans to use the space to distribute building materials and other outdoor products to a regional network of retail outlets. Prologis expects to complete development of the facility, which is connected to the railway network, in the first half of 2009.
