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Article: ProLogis to Develop New Facility for Hi-Logistics in the Netherlands.
- Article from:
- PR Newswire
- Article date:
- July 13, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Transaction Represents ProLogis' Redefined Approach To Development, Monetizing its Land Bank With Reduced Risk -
AMSTERDAM, July 13 /PRNewswire-FirstCall/ -- ProLogis , a leading global provider of distribution facilities, announced today that it will develop a new, 554,000-square-foot (51,500-square-meter) distribution facility in The Netherlands for Hi-Logistics, a wholly owned logistics subsidiary of LG Electronics.
"Since October of 2008, we've taken some major steps to reduce the overall level of risk in our business," said Walter Rakowich, ProLogis chief executive officer. "A part of this process has been to redefine how we approach new ...
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