Prologis Signs Build-to-Suit with French Retailer
(Paris) – Prologis signed a 49,400 square meter build-to-suit development agreement in France with one of the country’s largest global retailers.
The facility, which will be BREEAM "Good" accredited, will be located on 17 acres of land at Prologis Park Presles-en-Brie in Seine-et-Marne; completion is expected in the third quarter of 2015. The customer will use the new facility to store and distribute dry foods and non-alimentary products primarily to stores in the east suburbs of Paris.
"We are delighted that this leading retailer, a long-standing Prologis customer, has extended its relationship with us," said François Rispe, regional head, Prologis Southern Europe. "The company's decision to locate its new facility at Presles-en-Brie reinforces the quality of this location, the ability of our teams to respond to specific customer requirements and the attention we pay to building long-term relationships with our customers."
The facility will streamline the customer’s national logistics platform and provide greater flexibility and operational efficiency, decreasing the total distance goods are transported by 25 percent.