AMB Property Corporation(R) Leases 130,000 SF in Osaka, Japan Port Development
2008年12月10日 - 6:01AM
PRニュース・ワイアー (英語)
SAN FRANCISCO, Dec. 9 /PRNewswire-FirstCall/ -- AMB Property
Corporation(R) (NYSE:AMB), a leading global owner and developer of
industrial real estate, today announced it has leased approximately
130,000 square feet (12,100 square meters) to two customers in its
AMB Amagasaki Distribution Center 2 development in Osaka, Japan.
The 981,000 square foot (92,000 square meter) facility is now 97
percent leased. "Although Japan is in a recession and its exports
are affected by global economic challenges, our customers are
employing further strategies to optimize efficiencies in their
supply chain by locating in modern, infill distribution
facilities," said Michael Evans, AMB's managing director, Japan
& Korea. "In our core markets, including Osaka, we continue to
see demand for the right product in the right location." K.K. Kono,
a food distribution company, leased 68,000 square feet (6,300
square meters) of the facility. Kuehne + Nagel, a leading global
provider of integrated supply chain solutions, leased 62,000 square
feet (5,800 square meters). Both customers are expanding their
business into the Kansai region of Japan. "This lease extends AMB's
global relationship with Kuehne + Nagel, an AMB target customer, to
eight markets and nine leases. We look forward to pursuing new
opportunities with Kuehne + Nagel, whose business continues to
demonstrate resiliency," commented Steve Callaway, AMB's senior
vice president, director of Customer Development. AMB Amagasaki
Distribution Center 2 is five-story, fully-ramped distribution
center located in close proximity to the ports of Osaka and Kobe in
Osaka, Japan's second largest city. The facility is adjacent to the
nearly fully-leased 965,000 square foot (89,700 square meter) AMB
Amagasaki Distribution Center 1. As of September 30, 2008, AMB's
portfolio in Japan totaled more than 10.5 million square feet
(976,800 square meters) of operating and under development
properties, more than 2.8 million square feet (262,800 square
meters) of which is located in the Osaka market. 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 Amagasaki Distribution
Center 2, 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/
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