AMSTERDAM-ProLogis has signed agreements to construct threebuild-to-suit facilities in Germany and Austria. The buildings willtotal almost 400,000 square feet, and will cost about $31 millionin total.


The plans are for a project in Vienna, where the company hassigned an agreement to build a 115,000-square-foot distributionfacility for a third-party logistics provider. This building willgo in ProLogis Park Himerg, with construction scheduled to begin inAugust and a completion in February.


The other two buildings are for third-party logistics providersin Leipzig, which is located in southeast Germany, and northernGermany. The first property, a 93,000-square-foot distributionfacility, will be built in Prologis Park Leipzig along the A14motorway. Construction will start this summer and will be completein early 2011, the company said in a statement. The northernGermany facility, a 181,000-square-foot distribution project for aglobal supplier, will go in an existing park and should be finishedby December.


The tenants for the buildings were not revealed by the company.The firm aims to achieve $700 million to $800 million of globaldevelopment starts and $350 million to $400 million of landmonetization during 2010, according to the company’s statement.Prologis has more than 475 million square feet in markets acrossNorth America, Europe and Asia.

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