AMB agrees to buy Dutch logistics development

Industrial real estate company AMB has entered into an agreement for the forward acquisition of a multi-tenant logistics facility in Bleiswijk near the Dutch port city of Rotterdam. AMB Bleiswijk Distribution Center is being co-developed by AMB and Maasstede Vastgoed Ontwikkeling V.O.F. The property is expected to total 42,000 m[sup]2[/sup] upon completion in the third quarter of 2008. 3Stone Real Estate advised AMB on the deal.

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