(To read more on the industrial market, click here.)

SAN FRANCISCO-AMB Property Corp. is adding to its developmentand investment portfolios with major projects in the NorthwesternUS, Canada and France. Over the past several weeks, the publiclytraded air cargo REIT has made significant acquisitions in Seattleand San Francisco and launched major developments in Toronto, Milanand Paris.

In Milan, AMB secured a land position that it says will allowentry into the Milan market with an expected 1.3 million-sfmulti-phase development. The site is located south of the citycenter along route SP40 in Siziano, between the A1 motorway(connecting Milan to Bologna) and the A7 route to Genoa. AMB alsolaunched development of a 590,100-sf distribution centerapproximately seven miles north of Paris and four miles south ofCharles de Gaulle International Airport. The $51-million projectwill expand AMB's near the airport to about 1.6 million sf.

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.