AMB Leases 142,000 SF in London Development Project

Edited: Jennifer Brenner
Source: AMB Property Corporation

Property Corporation has leased approximately 142,000 square feet (13,200 square meters) in its AMB East London Distribution Park. This new lease, to a FTSE 100 company, brings the two-building park to 100 percent leased.

"We are pleased to welcome this new customer to our portfolio in London," said Mo Barzagar, managing director, Europe. "Throughout the UK and continental Europe we're seeing a growing number of our customers whose expanding business needs require class-A facilities with increased access to their customers."

AMB East London Distribution Park is a two-building facility situated in Binary Park adjacent to a major highway that connects Central London to the M25, London's Orbital. It is located within ten miles of Central London and seven miles to the east of the 2012 Olympic Games site.

AMB's Europe portfolio totaled nearly 14 million square feet (1.3 million square meters) of operating and under development properties as of December 31, 2009.

AMB is an owner, operator and developer of global industrial real estate, focused on major hub and gateway distribution markets in the Americas, Europe and Asia. As of December 31, 2009, AMB owned, or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 155.1 million square feet (14.4 million square meters) in 47 markets within 14 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company's portfolio is comprised of High Throughput Distribution® facilities—industrial properties built for speed and located near airports, seaports and ground transportation systems.