ProLogis has pre-leased 10,700 m[sup]2[/sup] of industrial space in Bucharest to Kuehne + Nagel, a provider of third-party logistics services. Kuehne + Nagel will occupy space at ProLogis Park Bucharest A1, a new industrial park ProLogis is developing along Bucharest's A1 motorway. The facility is due to completion in the first half of 2007.

ProLogis has pre-leased 10,700 m2 of industrial space in Bucharest to Kuehne + Nagel, a provider of third-party logistics services. Kuehne + Nagel will occupy space at ProLogis Park Bucharest A1, a new industrial park ProLogis is developing along Bucharest's A1 motorway. The facility is due to completion in the first half of 2007.

'We're very pleased to announce this agreement, which marks the first lease transaction at our new industrial park in Bucharest," said Gary Anderson, president and chief operating officer for ProLogis in Europe. 'Kuehne + Nagel is a recognized leader among third-party logistics providers and is currently one of ProLogis' largest global customers. We anticipate continued growth of this strategic relationship and to serving Kuehne + Nagel at their new location in Romania.'

ProLogis is the largest pan-European provider of distribution facilities with more than 8 million m2 owned, managed or under develop in 29 markets across the continent. The company's platform in central and eastern Europe currently totals 1.65 million m2.