AMB Property Corporation(R) Stabilizes Lyon, France Development With 264,000 SF Lease

AMB Property Corporation, a leading global developer and owner of industrial real estate, announced it has stabilized its AMB Isle d’Abeau Logistics Park C development in Lyon, France with a 264,000 square foot (24,500 square meter) lease agreement with Wincanton, a leading European supply chain solutions provider.

Lyon is France’s second largest metropolitan area and the primary distribution hub for goods entering Europe via the port of Marseille. The logistics park’s location serves one of the larger pan-European distribution networks due to its proximity to the main transportation access routes into Barcelona, Milan, Switzerland and Paris.

“Many customers in Europe are focused on time-critical decisions, and when their requirements call for well-located, Class A distribution facilities at key European trade hubs, we’re pleased they continue to turn to AMB,” said Mo Barzegar, AMB’s managing director, Europe.

“We approached our expansion in the Lyon region with great deliberation. While the leasing process might have posed a challenge for most real estate companies, AMB showed great commitment and integrity while working with us,” commented Egbert Maagd, Wincanton’s CEO for France. “In addition, the building location and functionality provides Wincanton with a strategic solution for our business in this region.”

As of September 30, 2008, AMB’s portfolio in Europe totaled more than 13.6 million square feet (1.3 million square meters) of operating and under development properties.

AMB Property Corporation®. Local partner to global trade(TM).

AMB Property Corporation® is a leading global developer and owner of industrial real estate, focused on major hub and gateway distribution markets in the Americas, Europe and Asia. As of September 30, 2008, AMB owned, or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 158.4 million square feet (14.7 million square meters) in 49 markets within 15 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company’s portfolio is comprised of High Throughput Distribution® facilities-industrial properties built for speed and located near airports, seaports and ground transportation systems.