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ProLogis to explore additional markets in China

18 May '06

3 min read

"Expanding our presence here will enable us to address the substantial growth in demand we're seeing for high-quality industrial facilities, and deliver long-term benefits for the company and its customers," Schwartz said.

ProLogis currently employs approximately 140 people in China and now has offices in 12 locations across the country. "We have been fortunate in building an organization that is world-class in both talent and experience," said Ming Mei, ProLogis managing director and head of Chinese operations.

"The strength of our team here provides us with a high degree of visibility into market conditions at a local level, and enables us to move quickly to capitalize on opportunities as they arise."

ProLogis entered the Chinese market in 2004 and has since established a leading position as a provider of industrial distribution facilities. Major customers in China include adidas, L'Oreal, Menlo Worldwide, Nokia, NYK, Samsung, UPS and Yum! Brands.

ProLogis is a leading provider of distribution facilities and services with 388.6 million square feet (36.1 million square meters) in 2,337 properties owned, managed and under development in 79 markets in North America, Europe and Asia as of March 31, 2006.

We continue to expand the industry's first and largest global network of distribution facilities with the objective of building shareholder value. We expect to achieve this through the ProLogis Operating System(R) and our commitment to provide exceptional facilities and services to meet our customers' expansion and reconfiguration needs.

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