ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today that it has leased more than 415,000 square feet (38,560 square meters) in southern France to Point P, one of France's top distributors of construction materials and a subsidiary of the Saint-Gobain Group.
Point P's new lease is for space in a 624,000-square-foot (58,000-square-meter) facility currently under construction at ProLogis Park Clesud, one of ProLogis' largest distribution parks in southern France totaling 2.4 million square feet (224,000 square meters) across nine buildings. Point P plans to use the space to distribute building materials and other outdoor products to a regional network of retail outlets. ProLogis expects to complete development of the facility, which is connected to the railway network, in the first half of 2009.
"We are very pleased to be working with Point P, a well-known construction distributor in southern France," said Ranald Hahn, managing director for ProLogis in southern Europe
