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News Release

London

ProLogis Leases 116,000 sq ft of New Distribution space in Bristol to Culina Logistics



London, 29 January 2009 – Culina Logistics, one of the U.K.'s leading supply chain specialists for the food and drink industry, has leased more than 116,000 sq ft of space at ProLogis Cabot Park near of Bristol.

Culina Logistics' new facility, completed during 2008, will help them expand their service capability in southwest England to meet the growing requirements of their existing customer base. Culina is relocating from another site in the area into the facility at ProLogis Cabot Park and is scheduled to occupy the building later this month.

"We are extremely pleased to have secured this new lease agreement at Cabot Park”, said Andrew Griffiths, managing director for ProLogis in the United Kingdom.

"There is no doubt that demand for industrial logistics facilities in the U.K. slowed in 2008 due to volatility and unease in the financial and consumer markets. However, when consumer confidence returns to the U.K., ProLogis has both the buildings and land positions to rapidly respond to renewed requirements for warehouse space. We will be working hard to ensure this demand is met with our strategically located, state-of-the-art distribution facilities."

ProLogis Cabot Park provides excellent access to the M4, M5 and M49 motorways, and is strategically positioned between London, Wales, Birmingham and the Southwest.  The unit benefits from a 10 dock level loading doors, 4 level access doors, 10.27 metre clear internal height a 64m (max yard depth) with 114 car parking spaces and 32 HGV/Trailer parking spaces.

Jones Lang LaSalle and Knight Frank represented ProLogis. Cushman & Wakefield acted for Culina Logistics.

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Notes to Editors:
 ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 136 markets across North America, Europe and Asia. The company has $40.8 billion of assets owned, managed and under development, comprising 548 million square feet (51 million square meters) in 2,898 facilities as of September 30, 2008. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs.