AMB Property Corporation(R) Acquires 475,000 SF at Port of Hamburg
2007年8月1日 - 5:01AM
PRニュース・ワイアー (英語)
SAN FRANCISCO, July 31 /PRNewswire-FirstCall/ -- AMB Property
Corporation(R) (NYSE:AMB), a leading global developer and owner of
industrial real estate, today announced that it has acquired
475,000 square feet (44,100 square meters) of logistic distribution
space at the Port of Hamburg for its recently formed AMB Europe
Fund I. The four-building property, named AMB Waltershof
Distribution Center 4-7, was acquired from DAL Deutsche
Anlagen-Leasing GmbH & Co. KG, a major German leasing company,
and is fully leased to an operator in the Hamburg market. "This
acquisition complements AMB's existing portfolio at the Port of
Hamburg and helps solidify our position as the preeminent owner of
industrial distribution space at Europe's second largest seaport,"
said Guy Jaquier, AMB's president, Europe & Asia. "This
transaction also demonstrates AMB's expertise in the major global
port markets and in creating flexible transactions to accommodate
the business needs of our customers." AMB Waltershof Distribution
Center 4-7 is located within one of the premiere Class A logistics
areas of Hamburg, the main entry point and distribution hub for
goods entering Germany and eastern Europe. The buildings are
adjacent to AMB Waltershof Distribution Centers 1, 2 and 3
(formerly known as AMB Port of Hamburg 2-4), with immediate access
to the A7 highway, the main north/south arterial through the region
that intersects with the A24, providing access to major eastern
European locations. AMB Waltershof Distribution Center 4-7 includes
cross-dock and warehouse facilities with excess container storage
capacity. "Germany is the most populous country in the European
Union. With the highest gross national product, it is a vital
market for AMB," said Mo Barzegar, AMB's senior vice president,
managing director, Europe. "Specifically, Hamburg has emerged as
the fastest growing port in northern Europe, delivering
double-digit volume growth over the past few years, driven by
increasing global trade." Since entering the market in the fourth
quarter of 2005, AMB has assembled one of the largest portfolios at
the Port of Hamburg with more than 1.8 million square feet (170,900
square meters) owned or under development. AMB's portfolio in
Europe totals more than 9.0 million square feet (840,400 square
meters). AMB Property Corporation.(R) Local partner to global
trade.(TM) AMB Property Corporation(R) is a leading global
developer and owner of industrial real estate, focused on major hub
and gateway distribution markets throughout North America, Europe
and Asia. As of June 30, 2007, AMB owned, or had investments in, on
a consolidated basis or through unconsolidated joint ventures,
properties and development projects expected to total approximately
136.7 million square feet (12.7 million square meters) in 44
markets within 13 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(R)
facilities-industrial properties built for speed and located near
airports, seaports and ground transportation systems. AMB's press
releases are available on the company website at
http://www.amb.com/ or by contacting the Investor Relations
department at +1 415 394 9000. Some of the information included in
this press release contains forward-looking statements, such as
those related to the continued growth of the Port of Hamburg,
leasing momentum in Hamburg and future customer demand, which are
made pursuant to the safe-harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended. Because these forward-looking
statements involve risks and uncertainties, there are important
factors that could cause our actual results to differ materially
from those in the forward-looking statements, and you should not
rely on the forward-looking statements as predictions of future
events. The events or circumstances reflected in forward-looking
statements might not occur. You can identify forward-looking
statements by the use of forward-looking terminology such as
"believes," "expects," "may," "will," "should," "seeks,"
"approximately," "intends," "plans," "pro forma," "estimates" or
"anticipates" or the negative of these words and phrases or similar
words or phrases. You can also identify forward- looking statements
by discussions of strategy, plans or intentions. Forward- looking
statements are necessarily dependent on assumptions, data or
methods that may be incorrect or imprecise and we may not be able
to realize them. We caution you not to place undue reliance on
forward-looking statements, which reflect our analysis only and
speak only as of the date of this press release or the dates
indicated in the statements. We assume no obligation to update or
supplement forward-looking statements. The following factors, among
others, could cause actual results and future events to differ
materially from those set forth or contemplated in the
forward-looking statements: defaults on or non-renewal of leases by
tenants, increased interest rates and operating costs, our failure
to obtain necessary outside financing, re-financing risks, risks
related to our obligations in the event of certain defaults under
joint venture and other debt, risks related to debt and equity
security financings (including dilution risk), difficulties in
identifying properties to acquire and in effecting acquisitions,
our failure to successfully integrate acquired properties and
operations, our failure to divest properties we have contracted to
sell or to timely reinvest proceeds from any divestitures, risks
and uncertainties affecting property development and construction
(including construction delays, cost overruns, our inability to
obtain necessary permits and public opposition to these
activities), our failure to qualify and maintain our status as a
real estate investment trust, risks related to our tax structuring,
failure to maintain our current credit agency ratings,
environmental uncertainties, risks related to natural disasters,
financial market fluctuations, changes in general economic
conditions or in the real estate sector, changes in real estate and
zoning laws, a downturn in the U.S., California or global economy,
risks related to doing business internationally and global
expansion, losses in excess of our insurance coverage, unknown
liabilities acquired in connection with acquired properties or
otherwise and increases in real property tax rates. Our success
also depends upon economic trends generally, including interest
rates, income tax laws, governmental regulation, legislation,
population changes and certain other matters discussed under the
heading "Risk Factors" and elsewhere in our annual report on Form
10-K for the year ended December 31, 2006. DATASOURCE: AMB Property
Corporation CONTACT: Margan S. Mitchell, Vice President, Corporate
Communications of AMB Property Corporation, +1-415-394-9000, Fax,
+1-415-477-2055, Web site: http://www.amb.com/
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