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ProLogis Strikes 800,000-SF Build-to-Suit Deal

DUBAI, INDIA-The super-sized transaction gives Denver-based ProLogis entry into an expanding Middle East distribution business.

By Joe Clements | Updated on November 19, 2007

(Read more on the industrial market.)

DUBAI, INDIA-Continuing a trek into new territories, ProLogis has completed a major build-to-suit agreement that marks its arrival in the Middle East. The developer, manager and owner of industrial real estate will construct an 800,000-sf distribution facility for Aramex, a global powerhouse in the logistics sector.

Designed to provide the latest in efficiencies plus 21st century life safety and security systems, the ProLogis structure is being constructed in Dubai Logistics City, a master-planned complex a few minutes from the Port of Jebel Ali, the world’s seventh largest cargo hub. A new international airport is also on the drawing boards, notes ProLogis CEO Jeff Schwartz, who refers to Dubai as an emerging “gateway” to the Middle East thanks to its centralized location and access to transportation.

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