Distribution facility operator ProLogis is to develop a 49,000 industrial warehouse for Sainsbury's, one of the main supermarket chain in the UK. The facility will be built at ProLogis's Park Pinham in the Midlands and will serve 50 Sainsbury's stores in the central part of the UK. The distribution centre is scheduled for completion in the second half of 2007.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
