AMB Property Corporation(R)
In this role, Marquis oversees AMB's real estate activities in China, including development and capital deployment, business development and operations. Marquis is based at AMB's Shanghai office and reports to Guy F. Jaquier, AMB's president, Europe & Asia.
"Tom brings more than 10 years of real estate experience in China, extensive logistics and development talent, and working knowledge of China's established and emerging markets," said Mr. Jaquier. "China's supply chain is becoming increasingly important as the country reduces logistics costs to enhance its competitiveness in the global market. We are now positioned better than ever to meet customer requirements in China as economic activity extends westward from the traditional coastal markets."
Marquis has more than 25 years of commercial real estate development and management experience in China and the U.S. Most recently at Gazeley Limited, a wholly-owned subsidiary of Wal-Mart, he served as China country director responsible for the logistics development programs assigned by Wal-Mart China, in addition to build-to-suit and speculative development projects. Prior to that, Marquis held several positions with real estate, development and construction companies in both China and the U.S.
AMB has a portfolio in China totaling 1.4 million square feet of operating and development property. AMB's target markets include Shanghai, Beijing and the Pearl River Delta. The company's China operations are headquartered in Shanghai with a regional office in Beijing. AMB currently employs 22 professionals in China including 19 Chinese nationals. Since entering Asia approximately four years ago, AMB has established an Asia portfolio totaling more than 8.5 million square feet of operating and development properties facilitating the movement of goods through the global supply chain.
AMB Property Corporation.(R) Local partner to global trade.(TM)
AMB Property Corporation(R) is a global developer and owner of industrial real estate, focused on major hub and gateway distribution markets throughout North America, Europe and Asia. As of December 31, 2006, AMB owned, or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 124.7 million square feet (11.6 million square meters) and 1,088 buildings in 39 markets within 12 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company's portfolio is comprised of High Throughput Distribution(R) facilities -- industrial properties built for speed and located near airports, seaports and ground transportation systems.
AMB's press releases are available on the company website at www.amb.com or by contacting the Investor Relations department at +1 415 394 9000.
Some of the information included in this press release contains forward-looking statements, such as the expansion of AMB's business in China and successful completion and leasing of development properties, which are made pursuant to the safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future events. The events or circumstances reflected in forward-looking statements might not occur. You can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro forma," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and we may not be able to realize them. We caution you not to place undue reliance on forward-looking statements, which reflect our analysis only and speak only as of the date of this report or the dates indicated in the statements. We assume no obligation to update or supplement forward-looking statements. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: defaults on or non-renewal of leases by tenants, increased interest rates and operating costs, our failure to obtain necessary outside financing, re-financing risks, difficulties in identifying properties to acquire and in effecting acquisitions, our failure to successfully integrate acquired properties and operations, our failure to divest properties on advantageous terms or to timely reinvest proceeds from any divestitures, risks and uncertainties affecting property development and construction (including construction delays, cost overruns, our inability to obtain necessary permits and public opposition to these activities), our failure to qualify and maintain our status as a real estate investment trust, environmental uncertainties, risks related to natural disasters, changes in general economic conditions or in the real estate sector, changes in real estate and zoning laws or other local, state and federal regulatory requirements, a downturn in the U.S., California, or the global economy, risks related to doing business internationally, losses in excess of our insurance coverage, unknown liabilities acquired in connection with acquired properties or otherwise and increases in real property tax rates. Our success also depends upon economic trends generally, including interest rates, income tax laws, governmental regulation, legislation, population changes, various market conditions and fluctuations and those other risk factors discussed under the heading "Risk Factors" and elsewhere in our most recent annual report on Form 10-K for the year ended December 31, 2006.
FCMN Contact: [email protected]
SOURCE: AMB Property Corporation
CONTACT: Margan S. Mitchell, Vice President, Corporate Communications,
+1-415-733-9477, or fax, +1-415-477-2177, or
McKosky, Media and Public Relations Director, +1-415-733-9532, or fax,
Web site: http://www.amb.com/