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2015/08/28/(Fri)

Prologis Signs 926,000 Square Feet in China Developments [Real Estate]

Prologis, Inc. (NYSE: PLD), the global leader in logistics infrastructure, today announced it has signed five new development leases totaling 926,000 square feet (86,000 square meters) in three of its target markets in China: Suzhou, Chongqing and Shenyang.

"This leasing underscores the merits of our focused investment strategy of building, owning and managing the highest-quality distribution facilities in premier locations in supply-constrained markets," said Gary Anderson, CEO, Prologis Europe and Asia. "Demand in our target markets remains broad-based, spanning the e-commerce and consumer goods sectors. Our well-located, Class-A properties meet this demand by putting our customers closer to the end consumer."

Prologis owns and manages approximately 51 million square feet (4.7 million square meters) of logistics and distribution space in Asia as of June 30, 2015.

Posted at 21:48

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