ProLogis to offer three year leases across UK portfolio

Source: Supply Chain Digital

Date :12/11/2008 10:30:20

ProLogis is offering leases from three years with six monthly break clauses thereafter across the whole of its wholly-owned five million-square foot portfolio in the UK, say property sources.

This move comes in response to the logistics industry¹s need for flexibility especially under current economic conditions.

In a statement, ProLogis said: "In the current market, we are acutely aware that this is even more imperative and are looking to provide a range of innovative and effective packages that addresses lease lengths, incentives and occupational costs that enables them to operate in this continually demanding climate."