Prologis leases more than 12,200 square metres At it"s largest park in Prague

ProLogis (NYSE: PLD), the world"s largest owner, manager and developer of distribution facilities, announced today that it has leased more than 12,200 square meters of industrial space to two customers at new facilities at ProLogis Park Prague D1 East.

Transactions include:

- 9,531 square meters leased to SETTO spedition, a forwarding and logistics company with branches in the Czech Republic, Slovakia and Ukraine, at DC#7B. SETTO currently leases 6,127 square meters at the same park.

- 2,731 square meters leased to Kenvelo, one of the most popular fashion-brand-chains in the Czech Republic, at DC#6B. Kenvelo, which already leases 4,680 square meters in the same park, will use the space for local and regional distribution.

"The ability to expand within ProLogis Park Prague enables us to create even more flexible and efficient logistics and the distribution of the goods on a larger scale," said Tomá¹ Hanzlík, Chief Executive Officer Setto spediton.

"This transaction is just a logical step reflecting our continued expansion. We are very satisfied with the level of services provided by ProLogis and we look forward to the same level of co-operation in a future," adds Giorgio Margutti, Chief Operations Officer Kenvelo.

ProLogis Park Prague D1 West and East consists 13 facilities totalling 190,300 square meters. It is located approximately 11 km southeast of Prague at Øíèany - Jesenice junction, directly off the major D1 motorway.

"We are very pleased that both customers decided to expand within our park. ProLogis"s modern and efficient distribution facilities as well as our service strengthen our relationships with customers. We wish lots of success to both companies", comments Jakub Pelikán, ProLogis Market Officer Czech Republic & Slovakia.

Customers at the park include such companies as DHL, Nagel, UTC, NYK, Tesco, Rossmann, L"OREAL, Schneidersohne Papier, Hellmann PKZ and P&P spedition trading.

• About ProLogis

ProLogis is the world"s largest owner, manager and developer of distribution facilities, with operations in 80 markets across North America, Europe and Asia. The company has $26.7 billion of assets owned, managed and under development, comprising 39.2 million square meters in 2,466 properties as of December 31, 2006. ProLogis" customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs more than 1,250 people worldwide.