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L'Oreal Inks Industrial Leases in China, Poland

CLICHY, FRANCE-The world's largest cosmetics company leases 329,540 sf in two distribution facilities, one in Suzhou, China, and the other in Warsaw, Poland.

By Brian K. Miller | Updated on April 05, 2005

CLICHY, FRANCE-Locally based L’Oreal, the world’s largest cosmetics company, has leased 329,540 sf of distribution space in China and Poland. In China, A facility is being built to suit the company in Suzhou. In Poland, the company is expanding its leasehold in Warsaw. Both leases are with Denver-based ProLogis.L’Oreal China Co. Ltd. will occupy 173,074 sf at ProLogis Park Suzhou, located in Suzhou Industrial Park in eastern Suzhou City, approximately 60 minutes northwest of Shanghai. Completion of the L’Oreal facility is expected in the fourth quarter of 2005.ProLogis has exclusive development rights for distribution facilities at Suzhou Industrial Park. Suzhou Industrial Park is a joint venture between the governments of China and Singapore that has 100 square miles planned for multi-use development and is one of the top three fastest growing industrial zones in China. In the park, ProLogis also leases space to UPS, Nokia, Samsung and adidas. L’Oreal Polska Sp. z o.o. is expanding its lease by 70% to 156,465 sf at ProLogis Park Blonie, which is located about 15 miles west of the Warsaw CBD. Other ProLogis customers there include Bertelsmann, Antalis, Wincanton and WSiP.ProLogis controls 297.9 million sf in 1,994 distribution facilities in 72 markets in North America, Europe and Asia.

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