Prologis Signs 300,000 Square Foot Build-to-Suit Agreement in United Kingdom

Prologis (NYSE: PLD), theleading global owner, operator and developer of industrial real estate, todayannounced it has signed an agreement with Network Rail for a completed 300,000square foot turnkey distribution center at Prologis Park Ryton in the WestMidlands.Prologis Park Ryton is strategically-located on the A45 at the center of theUK motorway network and proximate to Coventry Airport. The facility is beingdesigned to achieve Building Research Establishment Environmental AssessmentMethod (BREEAM) "Very Good" accreditation and the best possible EnergyPerformance Certificate (EPC) rating for its size. Construction is expected tobe complete in March 2013."We are delighted to have secured this new distribution centre at Ryton," saidStephen Dady, supply chain manager at Network Rail.  "Prologis was able tooffer us a facility that met the requirements of our parts logisticsoperations and because planning permission was already in place, the buildingwill be ready to meet our timetable.""This new agreement highlights the growing demand for Class-A logistics spacein the UK," said Andrew Griffiths, managing director, Prologis UK. "We arepleased to accommodate the needs of Network Rail and look forward to continueoffering our customers the best opportunities in the UK market."As of June 30, 2012, Prologis had approximately 18 million square feet oflogistics and distribution space completed or under development in the UK