ProLogis European Properties completes lease agreements for 40,800 square metres with Schneider Electric in Spain
Luxembourg - 8 June 2009 - ProLogis European Properties (Euronext: PEPR), Europe's largest owner of modern warehouse distribution facilities, today announces that it has successfully concluded a lease extension and expansion with Schneider Electric, a global specialist in energy management, covering a total of 40,800 square metres in Sant Boi de Llobregat (Barcelona), Spain.
Schneider Electric extended its existing 28,100 square metre lease in ProLogis Park Sant Boi for another four years to January 2020 under the existing terms. In addition, Schneider Electric has expanded into an adjacent 12,700 square metre facility to the same maturity date at market rents, following early vacation by the previous customer.

Simon Nelson, head of asset management of PEPR said: "We continue to work closely with customers to provide flexible, cost-effective solutions for their supply chain needs. This approach, combined with our portfolio of modern, efficient distribution facilities has enabled us to maintain industry-leading occupancy levels despite the global downturn."
The transactions were completed on behalf of PEPR by ProLogis (NYSE: PLD), manager of the PEPR portfolio.
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