- New Transactions Total More Than 1.1 Million Square Feet -
ProLogis (NYSE: PLD), a leading global provider of distribution facilities and services, announced today that it has signed new lease agreements in the United Kingdom with three leading third-party logistics providers.

The leases comprise more than 1.1 million square feet (103,800 square meters) at various ProLogis facilities in the East and West Midlands and in Yorkshire, all key logistics and distribution areas. All three were signed in the first quarter of 2006 for inventory space that is newly completed or under construction.

"We continue to be pleased with the vitality we're seeing in the UK market," said Alan Curtis, ProLogis managing director. "Our company accounted for close to a quarter of all industrial leasing across the country in 2005, and the size and volume of new transactions has remained strong for us through the first part of the New Year. We look forward to forging close relationships with our new customers, and to further extending our position as the UK's largest industrial facilities provider."

Under the new transactions:

    * 700,000 square feet (65,000 square meters) has been leased to Wincanton
      at ProLogis Park Kettering, a 120-acre industrial park the company
      operates in the East Midlands.  Wincanton, a leading provider of supply
      chain solutions to companies in Europe, also leases more than
      440,000 square feet (40,900 square meters) from ProLogis in several
      markets across Poland.

    * 253,000 square feet (23,500 square meters) has been leased to E. Pawson
      & Son Ltd. at a ProLogis facility at Wakefield Europort in Yorkshire,
      one of northern England's largest distribution and manufacturing parks.
      E. Pawson is a private provider of distribution and warehousing services
      to agriculture and other industries in the UK.

    * 165,000 square feet (15,300 square meters) has been leased to iForce at
      a ProLogis facility at The Fort Industrial Park in Birmingham, West
      Midlands.  iForce is a UK provider of fulfillment, returns processing
      and other logistics services to enterprise customers.

ProLogis is the United Kingdom's largest provider of industrial distribution facilities, with approximately 9.8 million square feet (910,000 square meters) of industrial space owned, managed and under development. Customers in the UK include leading companies from a wide variety of industries, including Bosch-Siemens, The Co-operative Group, GEFCO, Honda Logistics, John Lewis, Pirelli and Tesco.

About ProLogis

ProLogis is a leading provider of distribution facilities and services, with over 377 million square feet (35 million square meters) in more than 2,300 properties owned, managed and under development in 77 markets in North America, Europe and Asia, as of December 31, 2005. We continue to expand the industry's first and largest global network of distribution facilities with the objective of building shareholder value. We expect to achieve this through the ProLogis Operating System(R) and our commitment to provide exceptional facilities and services to meet our customers' expansion and reconfiguration needs.

SOURCE ProLogis