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download brochure - Prologis

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1. EXECUTIVE SUMMARY<br />

This proposal has been formulated to provide a new<br />

and innovative approach to the development of major<br />

distribution facilities in the UK. We have selected two<br />

of our prime development sites where we already have<br />

detailed consent for substantial warehouse facilities.<br />

Our offer is that we will undertake the development<br />

of the building and the installation of high level<br />

services in exchange for a 5 year lease at a market rent.<br />

The lease will be in a standard form on a full repairing<br />

and insuring basis.<br />

We already have planning in place and are able<br />

to commence development immediately on completion<br />

of legal formalities allowing full operational occupation<br />

of the building in less than 10 months. We will be able<br />

to consider this offer on other sites within our portfolio<br />

but they will be subject to planning and assessment<br />

of the construction costs and rental offer.<br />

This proposal document is designed to present a<br />

summary of the buildings we are able to develop,<br />

the specification we will deliver and the terms we<br />

are able to offer. We hope it will provide a<br />

new and exciting formula that will allow us to work<br />

together in moving the logistics market forward.<br />

5

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