According to Melissa Marsden, VP of investor relations forProLogis, the Denver-based firm's European strategy going forwardwill focus on developing new "mega-industrial facilities" forclients looking to replace their smaller, regional facilitiesscattered throughout Europe.


Marsden noted that prior to the formation of the EU, companiesused to operate distribution spaces in nearly every county forwhich they did business. "Trade was so restrictive that they neededa facility in each country to avoid problems crossing borders," shetold during an event held here late last week.


ProLogis CEO Dane Brooksher added that the unification "createsa need for a single-source provider of pan-European distributionspace." Brooksher continued by noting the new additions to theunion will translate to "another 100 million people that can beserved without stopping at the border."


With a portfolio consisting of 1,700 properties in 73 globalmarkets totaling 200 million sf, ProLogis aids clients in "buildingfacilities, locating facilities, and executing distributionstrategies," stated Brooksher. Worldwide clients include Unilever,Sketchers, and Ahold.

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