Loading...
Loading...
Prologis
PLD, the
leading global owner, operator and developer of industrial real estate, today
announced that it has signed a build-to-suit agreement with Rakuten, Inc. for
an approximately 810,000 square foot (75,251 square meter) building in Osaka,
Japan. Construction is scheduled to begin in November and is expected to be
completed by November 2013.
"We are very pleased to strengthen our relationship with this leading online
retailer, an important and repeat customer," said Mike Yamada, president,
Prologis Japan. "The rapid expansion of e-commerce companies is continuing to
fuel demand for our modern distribution facilities. We look forward to adding
this state-of-the art facility to our overall Japan portfolio."
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in