investment of the month: ProLogis to Develop 344,000-Square-Foot Distribution Facility for Michelin in South Western France
Posted by Céline on février 22nd, 2007
February 2007: ProLogis has signed an agreement to acquire a 79-acre (32-hectare) property from Michelin in the French city of Poitiers. The parcel is the site of a recently closed Michelin manufacturing plant. ProLogis will build a 344,000-square-foot (32,000-squaremeter) distribution center on the property, which Michelin will use to serve markets in France and other countries in Europe under a multi-year lease.
Full press release click here