Prologis Signs Two Lease Agreements For 37,000 Square Meters
Bologna (27 November 2018)
Prologis, Inc., the global leader in logistics real estate, today announced it has signed two lease agreements for a total of 37,000 square meters at Prologis Park Romentino (Milan market) and Prologis Park Roma Tiburtina (Roma market).
Yusen Logistics, a valued customer of 16 years and historic first at Prologis Park Romentino, has renewed its 24,000 square meter lease for a fourth consecutive time. Yusen Logistics is a leading maritime and air logistics provider. It covers supply chain, storage provision, distribution, international shipping and value-add activities.
At Prologis Park Roma Tiburtina, acquired in 2016, the company has signed a new agreement for a 13,000 square meter facility with a notable retail-focused company. The customer will operate the logistics platform for door-to-door delivery in the city of Rome.
“We are pleased to announce these new lease agreements, as they each have a particular significance. Our lease renewal with Yusen Logistics strengthens nearly 20 years of partnership at Prologis Park Romentino”, says Sandro Innocenti, senior vice president and country manager, Prologis Italy. “The second agreement enables us to develop a new relationship in the retailer sector at Prologis Park Tiburtina, which is strategically positioned to serve the Italian Capital”.
“These new agreements sustain our near 100 percent occupancy rate in Italy”, said Marco Colombo, vice president, leasing officer, Prologis Italy. “This success is indicative of the strategic location of our logistics parks across Northern and Central Italy, the quality of our buildings and the high level of service we offer our customers”.
Prologis Park Romentino located near Novara includes four buildings with a total surface area of 110,000 square meters.
Prologis Park Tiburtina is located near the Grande Raccordo Anulare ringroad with easy access to the A24 highway serving Rome. The park includes four buildings with a total surface 42,500 square meters.
Prologis owns and manages approximately 1 million square meters of distribution space in Italy as of September 30, 2018.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2018, the company owned or had investments in, on a wholly owned basis or through co- investment ventures, properties and development projects expected to total approximately 771 million square feet (72 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,500 customers across two major categories: business-to-business and retail/online fulfillment.
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Nathalie Triolet, Tel: +33 1 48 14 54 01, Email: [email protected]
Patrick Trancu, Tel: +39 335 230789, Email: [email protected]