Prologis, L'Oreal Ink 270,000-SF Build-To-Suit Deal In France

Law360, New York (September 9, 2013, 2:04 PM EDT) -- Industrial real estate giant Prologis Inc. has signed a 270,000-square-foot build-to-suit agreement in France with cosmetics group L'Oreal, the developer announced Monday.

The building will be constructed at an existing development Prologis owns near Roissy-Charles de Gaulle Airport, known as Prologis Park Vemars. The Prologis building will be the sixth at the complex.

The project is an example of the type of spec construction that has been taking place in France lately thanks to a dearth of office inventory.

“We continue to see a scarcity of...
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