AMB Property Corporation(R) Leases 126,000 SF in Milan Development
2008年12月3日 - 6:05AM
PRニュース・ワイアー (英語)
SAN FRANCISCO, Dec. 2 /PRNewswire-FirstCall/ -- AMB Property
Corporation(R) (NYSE:AMB), a leading global owner and developer of
industrial real estate, today announced it has leased more than
126,000 square feet (11,700 square meters) of its Milan development
to Corriere Cecchi S.r.l., a major Italian distributor of food
products who is using the space to manage the global logistics of
an olive oil products manufacturer. "Leasing activity at AMB
Siziano Logistics Park demonstrates continuing customer demand for
modern and efficient facilities in Milan, which is a
strategically-located distribution market and the economic heart of
Italy," commented Mo Barzegar, AMB's managing director, Europe.
"While Europe's overall economy has been adversely affected by the
global slowdown, demand for our European projects remains solid as
evidenced by other recent customer commitments for AMB space in
Amsterdam, Lyon and Paris." The development is located 10 miles
south of Milan's city center; provides rapid access to the
Lombardia-Piedmont industrial region of Italy; and is situated
along route SP40, linking the A1 and the A7, which connect southern
Italy and the Port of Genoa, respectively. "We chose AMB Siziano
Logistics Park because it is in an ideal location for our
customers, and it enables us to easily reach all areas of Northern
Italy in a timely manner," commented Maurizio Paggetti, CEO and
Elio Battistoni, logistics director of Corriere Cecchi S.r.l. AMB's
joint venture partner in the development of AMB Siziano Logistics
Park is Milan-based Redilco Group. As of September 30, 2008, AMB's
portfolio in Europe totaled approximately 13.6 million square feet
(1.3 million square meters) of operating and under development
properties. AMB Property Corporation.(R) Local partner to global
trade.(TM) AMB Property Corporation(R) is a leading global owner
and developer of industrial real estate, focused on major hub and
gateway distribution markets in the Americas, Europe and Asia. As
of September 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
158.4 million square feet (14.7 million square meters) in 49
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. 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
occupation and stabilization of AMB Siziano Logistics Park, the
company's ability to meet future customer demand, and the pace and
continued leasing of distribution facilities, 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
customers or renewals at lower than expected rent, increased
interest rates and operating costs, or greater than expected
capital expenditures, our failure to obtain necessary outside
financing, re-financing risks, risks related to our obligations in
the event of certain defaults under co-investment ventures 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 on advantageous terms or to timely
reinvest proceeds from any divestitures, risks and uncertainties
affecting property development, value-added conversions 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 credit agency ratings,
environmental uncertainties, risks related to natural disasters,
financial market fluctuations, changes in general economic
conditions or in the real estate sector, inflation risks, changes
in real estate and zoning laws or other local, state and federal
regulatory requirements, a continued or prolonged downturn in the
U.S., California, or the global economy, risks related to doing
business internationally and global expansion, costs of opening
offices globally, risks of changing personnel and roles, 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 and our quarterly report on Form 10-Q for the quarter
ended September 30, 2008. DATASOURCE: AMB Property Corporation
CONTACT: Rachel E. M. Bennett, Media and Public Relations Director
of AMB Property Corporation, +1-415-733-9532, Web site:
http://www.amb.com/
Copyright
Amb Properties (NYSE:AMB)
過去 株価チャート
から 9 2024 まで 10 2024
Amb Properties (NYSE:AMB)
過去 株価チャート
から 10 2023 まで 10 2024