Prologis to Develop 55,000 Square Metres in Belgium

14th December 2015

Logistics BusinessPrologis to Develop 55,000 Square Metres in Belgium

Prologis, Inc., the global leader in industrial real estate, today announced that it has signed a 55,000 square metre agreement at Prologis Park Liege with Skechers, a worldwide leader in the high performance and lifestyle footwear industry.

The development will represent Skechers’ third expansion at Prologis Park Liege, and will increase the company’s total space there to more than 100,000 square meters. The site is a key component of Skechers’ European distribution network.

“Skechers began operating at the park in 2002 with 25,000 square meters,” said Bram Verhoeven, country manager, Prologis Benelux. “This increased in 2009 by 25,000 square meters. Skechers’ lease of another 55,000 square metres reflects our strong long-term partnership with this global company.”

Prologis Park Liege has direct access to the A40, a major road near Liege, in Belgium. Further, the park is close to the German border and is an hour’s drive from Brussels.

“This agreement will allow us to rapidly scale up our distribution capacity to meet our company’s plans for growth,
” said Sophie Houtmeyers, VP, Skechers Europe.

Prologis is a leading provider of industrial real estate in the Benelux, with approximately 1.8 million square metres of logistics and distribution space as of September 30, 2015.