ProLogis European Properties agrees Polish lease extension and expansion with Delta Plus Group for 8,300 square metres
Luxembourg - 28 May 2009 - ProLogis European Properties (Euronext: PEPR), Europe's largest owner of modern warehouse distribution facilities, today announces that it has extended a 4,500 square metre lease in Sosnowiec with Delta Plus Group for an additional sixteen months to August 2012 at the passing rent and finalised a new lease for another 3,800 square metres in the same facility to the new maturity date at current market rents. Delta Plus Group, a worldwide leader in the manufacture and distribution of personal protective equipment, now occupies a total 8,300 square metres of distribution space at ProLogis Park Sosnowiec.
Simon Nelson, head of asset management of PEPR said: "We are pleased to be able to expand our relationship with Delta Plus Group following their successful business development. This transaction demonstrates our focus on customer service and the demand for modern, efficient warehouse space in the right location."
The transactions were completed on behalf of PEPR by ProLogis (NYSE: PLD), manager of the PEPR portfolio.
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