Real Estate Central

- Facility Will Feature Sustainable Design and Construction -

BIRMINGHAM, England, Sept. 22 /PRNewswire-FirstCall/ — ProLogis (NYSE:
PLD), the world’s largest owner, manager and developer of distribution
facilities, announced today that it will develop a new, 1.1
million-square-foot distribution facility for Marks & Spencer, a leading
fashion, food and home products retailer in the United Kingdom.

“Marks & Spencer’s new, state-of-the-art facility will be a flagship
development for ProLogis in the UK,” said Andrew Griffiths, managing
director for ProLogis in the UK. “In addition to warehousing and office
space, the building will include training rooms, onsite catering and staff
facilities. We believe this development demonstrates our ability to deliver
build-to-suit solutions on an unparalleled scale.”

Marks & Spencer’s new facility will be developed at ProLogis Park
Bradford, a 90-acre business park located in the county of Yorkshire in
northern England. The building will be built to achieve a minimum rating of
Very Good under the BRE Environmental Assessment Method (BREEAM), the UK’s
national standard for best practice in sustainable development and
environmental performance, and will employ approximately 2,500 people when
fully operational.

In addition, ProLogis has committed to develop the facility to achieve
carbon neutral status, offsetting any emissions produced during the
construction process through the purchase of carbon credits and various
organic reductions.

Matthew Byrom, ProLogis vice president of development in the UK, added,
“This is a perfect example of what can be accomplished with a
forward-thinking local council and proactive business community. We are
genuinely proud to contribute to the growth of Bradford’s economy with the
development of our modern, new industrial park.”

At full build-out, ProLogis Park Bradford will contain two buildings
comprising up to 1.25 million square feet of space. ProLogis plans to
develop additional office and industrial space at the site on a
build-to-suit basis, and is currently marketing the park to businesses with
local and regional operations.

ProLogis is the United Kingdom’s largest provider of industrial
facilities with 20 million square feet of space owned, managed and under
development, as of June 30, 2008. Current ProLogis customers in the region
include ASOS.com, Bosch-Siemens, The Co-operative Group, GEFCO, Honda
Logistics, Pirelli, Sainsbury’s, Screwfix, Superdrug and Tesco.

About ProLogis

ProLogis is the world’s largest owner, manager and developer of
distribution facilities, with operations in 132 markets across North
America, Europe and Asia. The company has $40.4 billion of assets owned,
managed and under development, comprising 542.3 million square feet (50.4
million square meters) in 2,884 properties as of June 30, 2008. ProLogis’
customers include manufacturers, retailers, transportation companies,
third-party logistics providers and other enterprises with large-scale
distribution needs. Headquartered in Denver, Colorado, ProLogis employs
over 1,500 people worldwide. For additional information about the company,
go to http://www.prologis.com.

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[Via Real Estate Newswire]