AMB Property Corporation(R) Commits to 25 Acre Land Acquisition at Amsterdam Airport
2008年9月17日 - 5:01AM
PRニュース・ワイアー (英語)
'Green' development specifications planned for brownfield site SAN
FRANCISCO, Sept. 16 /PRNewswire-FirstCall/ -- AMB Property
Corporation(R) (NYSE:AMB), a leading global developer and owner of
industrial real estate, announced its commitment to acquire 25
acres (10 hectares) of land for a second phase of development at
AMB Fokker Logistics Park, proximate to Amsterdam Airport Schiphol.
At full build out, the land would support up to approximately
822,000 square feet (76,300 square meters) of development, which
would bring the park's total square footage to more than 1.7
million (161,100 square meters). AMB has closed on the first of
three tranches of the 25-acre brownfield site, which AMB intends to
fully develop over the next three years. AMB Fokker Logistics Park
is the largest privately-owned airport-adjacent, master-planned
logistics park in continental Europe under single ownership. The
park's current operating facilities are more than 98 percent leased
to leading companies including Agility, DHL, KLM and Schenker. "AMB
is a leading global provider of air cargo and freight facilities.
We're pleased to expand our very successful project at Amsterdam
Airport Schiphol, Europe's third largest cargo airport," said Guy
Jaquier, AMB's president, Europe & Asia. "AMB has been
responsible for all of the speculative airport-adjacent warehouse
development in the Schiphol submarket during the last three years.
This strategically-located land acquisition further underscores our
commitment to this important airport." AMB Fokker Logistics Park is
a brownfield redevelopment of the former Fokker Aircraft
manufacturing factory. Energy-efficient systems designed to provide
users with increased operational efficiencies are incorporated
throughout the park and are planned for the second phase of
development. The first building of the second phase of development
is expected to break ground in the second half of 2008. As of June
30, 2008, AMB's portfolio in Europe totaled more than 13.1 million
square feet (1.2 million square meters) of operating and
development properties, approximately 3.4 million square feet
(315,500 square meters) of which is located in the Netherlands. 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 in the Americas, Europe and Asia. As of June
30, 2008, AMB owned, or had investments in, on a consolidated basis
or through unconsolidated joint ventures, properties and
development projects expected to total approximately 155.5 million
square feet (14.5 million square meters) in 47 markets within 15
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. Some of the information
included in this press release contains forward-looking statements,
such as the future size, timing and delivery of development at AMB
Fokker Logistics Park, and the company's ability to meet 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 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, difficulties in identifying properties to
acquire and in effecting acquisitions, our failure to successfully
integrate acquired properties and operations, our failure to divest
properties on advantageous terms 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,
environmental uncertainties, risks related to natural disasters,
changes in general economic conditions or in the real estate
sector, changes in real estate and zoning laws or other local,
state and federal regulatory requirements, a downturn in the U.S.,
California, or the global economy, risks related to doing business
internationally, 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, various market conditions and fluctuations and
those other risk factors discussed under the heading "Risk Factors"
and elsewhere in our most recent annual report on Form 10-K for the
year ended December 31, 2007. DATASOURCE: AMB Property Corporation
CONTACT: Margan S. Mitchell, Vice President, Corporate
Communications, +1-415-733-9477, , or Rachel E. M. Bennett, Media
and Public Relations Director, +1-415-733-9532, , both of AMB
Property Corporation Web site: http://www.amb.com/
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