ProLogis has developments on tap in Poland

ProLogis of Colorado has signed agreements to develop and lease more than 1 million square feet of industrial space in Poland.

Based in Aurora, ProLogis (NYSE: PLD) is a publicly traded real estate investment trust and the world's largest developer, owner and manager of distribution centers. The company operates in 20 countries in North America, Europe and Asia, with more than 480 million square feet of properties.

The company is expanding in Poland because "the country has emerged as a truly dynamic location for manufacturing and distribution," according to Michael de Jong-Douglas, ProLogis' managing director for central and eastern Europe. As of year-end 2007, ProLogis had 18.5 million square feet of existing space and space under development in Europe.

Deals ProLogis recently cemented in Poland include:

• 185,000-square-foot build-to-suit at ProLogis Park Piotrkow II for Vobis, a provider of digital equipment.
• 157,000 square feet at ProLogis Park Dabrowa leased to Fiege Group, a third-party logistics services provider.
• 74,000 square feet at ProLogis Park Poznan II leased to DHL International GmbH, another logistics company.
• 52,000 square feet at ProLogis Park Wroclaw leased to Rhenus Fastrack SA, also a logistics services provider.

Source: bizjournals.com