Logistics provider Prologis said on Monday it has signed new lease agreements totalling 84,500 m[sup]2[/sup] at two major distribution parks in Europe with Kuehne + Nagel, a leading global logistics provider and one of Prologis' customers.
Logistics provider Prologis said on Monday it has signed new lease agreements totalling 84,500 m2 at two major distribution parks in Europe with Kuehne + Nagel, a leading global logistics provider and one of Prologis' customers.
The first lease, totalling 50,200 m2, is for space at ProLogis Park Wellingborough, a 107,000 m2 distribution park in England's East Midlands area. Kuehne + Nagel plans to operate the facility on behalf of several clients including Whitbread, the UK's largest hotel and restaurant company.
The second lease, totalling 34,400 m2, is at ProLogis Park Isle d' Abeau, a 418,000 m2 distribution park located in the city of Lyon, France. Kuehne + Nagel operates the space as a multi-user site serving customers throughout southern France.
The Kuehne + Nagel Group is one of the world's leading logistics providers with 850 offices in more than 100 countries and more than 52,000 employees.
Prologis is one of the largest providers of distribution space in Europe with more than 11 million m2 of space owned, managed or under development as of March 31, 2008.
