ProLogis has announced it is to develop a 32,000 m[sup]2[/sup] distribution centre for tire manufacturer Michelin in the south-western French city of Poitiers. As part of the deal, ProLogis is to acquire the 32-hectare site of a recently-closed Michelin plant in Poitiers.
ProLogis has announced it is to develop a 32,000 m2 distribution centre for tire manufacturer Michelin in the south-western French city of Poitiers. As part of the deal, ProLogis is to acquire the 32-hectare site of a recently-closed Michelin plant in Poitiers.
Michelin will use the new distribution centre to service markets in France and other European countries under a multi-lease. The financial details of the agreement were not disclosed but ProLogis said the site allows for the construction of three additional buildings, for a total of 136,000 m2 of industrial space.
The world's largest owner, manager and developer of distribution facilities, ProLogis has a portfolio of more than 2.2 million m2 of space in France, concentrated around Paris, Le Havre, Marseilles, Lyon and other key markets. Michelin leases more than 27,900 m2 of space from ProLogis in the US.
