AMB Property Corporation(R) Leases 207,200 SF In China
2009年12月15日 - 11:15PM
PRニュース・ワイアー (英語)
Five new lease agreements totaling 207,200 SF including 107,100 SF
of development space SAN FRANCISCO, Dec. 15 /PRNewswire-FirstCall/
-- AMB Property Corporation® (NYSE:AMB), a leading global owner,
operator and developer of industrial real estate, today announced
it has leased approximately 207,200 square feet (19,250 square
meters) in its China portfolio. "Increasing industrial production
and consumer demand in China creates ongoing requirements for
logistics space," said Guy Jaquier, AMB's president, Europe &
Asia. "The quality of our portfolio and our customer focus
contributed to this recent leasing success. Our Class A
distribution portfolio in China gives us a tremendous advantage in
meeting the needs of our local and global customers." Recent
development leasing activity includes: -- 70,500 square feet (6,550
square meters) leased to two third-party logistics providers. The
customers will occupy space at AMB Kunshan Bonded Logistics Center,
located in the Kunshan Export Processing Zone (KEPZ), which is
among the first Export Processing Zones (EPZ) in China to offer the
extended functions of bonded logistics, R&D, inspection and
maintenance. -- 24,200 square feet (2,250 square meters) leased to
a third-party logistics provider at AMB Beilun Port Distribution
Center, located in the Ningbo Economic & Technological
Development Zone (NETDZ), one of China's premier business and port
areas. -- 12,400 square feet (1,150 square meters) leased to a
third-party logistics provider at AMB Dalian Industrial Logistics
Center, located proximate to the Liaodong Peninsula in Liaoning
Province, serving as a key port for the three Northeast Provinces.
Recent operating leasing activity includes: -- 100,100 square feet
(9,300 square meters) leased to a distributor in the automotive
industry at AMB Tianjin International Logistics Center. AMB's Asia
portfolio totals approximately 16.2 million square feet (1.5
million square meters) of operating and development properties. AMB
Property Corporation.® Local partner to global trade.(TM) AMB
Property Corporation® is a leading owner, operator and developer of
global industrial real estate, focused on major hub and gateway
distribution markets in the Americas, Europe and Asia. As of
September 30, 2009, AMB owned, or had investments in, on a
consolidated basis or through unconsolidated joint ventures,
properties and development projects expected to total approximately
156.1 million square feet (14.5 million square meters) in 47
markets within 14 countries. AMB invests in properties located
predominantly in the infill submarkets of its targeted markets. The
company's portfolio comprises High Throughput Distribution®
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 occupation of AMB's warehouses and
the ongoing strength of AMB's China markets, 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 or renewal at lower than expected rent or failure to lease
at all or on expected terms, decreases in real estate values and
impairment losses, our failure to obtain, renew or extend financing
or re-financing, risks related to debt and equity security
financings (including dilution risk), our failure to divest
properties we have contracted to sell or to timely reinvest
proceeds from any divestitures, failure to maintain our current
credit agency ratings or comply with our debt covenants,
international currency and hedging risks, financial market
fluctuations, changes in general economic conditions, global trade
or in the real estate sector, inflation risks, a downturn in the
U.S., California or global economy, increased interest rates and
operating costs or greater than expected capital expenditures,
risks related to suspending, reducing or changing our dividends,
our failure to contribute properties to our co-investment ventures,
risks related to our obligations in the event of certain defaults
under co-investment ventures and other debt, difficulties in
identifying properties to acquire and in effecting acquisitions,
our failure to successfully integrate acquired properties and
operations, risks and uncertainties affecting property development,
value-added conversions, redevelopment 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,
environmental uncertainties, risks related to natural disasters,
changes in real estate and zoning laws, risks related to doing
business internationally and global expansion, risks 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 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, 2008 and our quarterly reports on Form 10-Q for the
quarters ended March 31, 2009, June 30, 2009 and September 30,
2009. DATASOURCE: AMB Property Corporation CONTACT: Tracy A. Ward,
Vice President, IR & Corporate Communications, +1-415-733-9565,
, or Sara Klein, Marketing Manager, +1-415-733-9447, ; both of AMB
Property Corporation Web Site: http://www.amb.com/
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