Bernard Delles, CEO of TDG France said: 'We were looking for a centrally located facility that would allow us to serve our customers by rail, air and road. ProLogis provided us not only with the ideal location, but a quality facility in a park designed specifically to serve logistics companies.'

ProLogis Park is one of a cluster of distribution developments in the Ile D'Abeau district. With access to multiple forms of transport, the park has become a hub for European distribution and a number of other logistics companies have already located there, including Auchan, New Wave Logistics and ABX Logistics at ProLogis Park. The park is located near the A43 autoroute and Saint Exupery Airport. In addition, each building has direct rail access.

According to CB Richard Ellis's recently published EMEA Industrial & Distribution Market Index, demand for distribution property in Lyon increased by 20% over the first half of 2001 and remains strong. Prime warehouse rents have edged upwards to €72 per sq m ($6 per sf) per annum.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.