AMB Property Corporation(R) Expands Global Platform With Entry Into the United Kingdom
2007年10月5日 - 5:01AM
PRニュース・ワイアー (英語)
SAN FRANCISCO, Oct. 4 /PRNewswire-FirstCall/ -- AMB Property
Corporation(R) (NYSE:AMB), a leading global developer and owner of
industrial real estate, today announced it has expanded its
European platform to the United Kingdom with the acquisition of a
320,000 square foot (29,700 square meter) industrial development
project in London, England. "Our expansion to the United Kingdom
further establishes AMB as a major provider of industrial
distribution space in strategic markets integral to global trade,"
said Guy Jaquier, AMB's president, Europe & Asia. "AMB has
entered the UK with a high-quality development property designed to
provide our customers with superior functionality and modern
specifications in the high-demand Greater London area." AMB East
London Distribution Park is a two-building development project
located adjacent to a major highway that connects Central London to
the M25, London's Orbital. "This well-located property enables us
to respond to customer demand for newly developed distribution
space in a key supply- constrained London submarket," commented Mo
Barzegar, AMB's managing director, Europe. "Central London is only
10 miles to the west of the property, and the 2012 Olympic Games
site is even closer and expected to fuel demand for logistics space
as the city undergoes improvement projects and makes significant
investments in infrastructure. This is a terrific location from
which to launch our business in the UK." AMB's Europe portfolio
totaled more than 9 million square feet (840,300 square meters) of
operating and under development properties as of June 30, 2007.
Subsequent to the end of the second quarter, AMB has announced
795,000 square feet (73,900 square meters) of additional space,
including AMB East London Distribution Park. 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
the continued demand for Class A facilities in South East London,
and completion and occupation of AMB East London Distribution Park,
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 report 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 and our quarterly report
on Form 10-Q for the quarter ended June 30, 2007. DATASOURCE: AMB
Property Corporation CONTACT: Margan S. Mitchell, Vice President,
Corporate Communications, +1-415-733-9477, fax, +1-415-477-2177, ,
or Rachel E. McKosky, Media and Public Relations Director,
+1-415-733-9532, fax, +1-415-477-2063, , both of AMB Property
Corporation Web site: http://www.amb.com/
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