MADRID, Spain—Prologis has signed a 139,000square foot (12,913 square meter) build-to-suit agreement in Madridwith TNT Express, one of the world's largestexpress delivery companies and a repeat customer.
The facility will be located at Puerta de Madrid,a class-A logistics park 15 minutes from the Madrid city center andadjacent to Madrid-Barajas Airport. The park hasdirect access to the A2 corridor, which links Madrid, Barcelona andZaragoza and is one of the most attractive logistics areas in theSpanish market.

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"We are pleased to extend our relationship with TNT to sixmarkets on three continents," said Francois Rispe,regional head, Prologis Southern Europe. "This agreement reflectsthe lack of supply of Class-A logistics facilities in Madrid. Asthe market recovers, our well-located land bank will be attractiveto customers seeking expansion or relocation opportunities."

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Prologis is the leading provider of industrial real estate inSpain, with approximately 9.6 million square feet(891,134 square meters) of logistics and distribution space as ofSeptember 30, 2014.

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Prologis, Inc., is the global leader in industrial real estate,and as of September 30, the company owned or had investments in,approximately 585 million square feet (54 million square meters) in21 countries.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.