SHANGHAI, China, Dec. 19 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities and services, announced today that it will develop a major new distribution facility in China for Adidas, one of the world's premier makers of athletic footwear, apparel and other sporting goods.

ProLogis, through a previously announced joint venture, will lease more than 646,000-square-feet (60,000 square meters) to Adidas at ProLogis Park Suzhou, located within Suzhou Industrial Park, one of the China's key manufacturing and? distribution hubs.? The park is 50% owned by ProLogis' equity joint-venture partner, Suzhou Logistics Centre Co., Ltd.

The building will function as a new national distribution center for Adidas, primarily serving markets in mainland China.? An existing ProLogis customer at the park, Adidas will relocate from a smaller 172,000-square-foot (16,000 square meters) facility when the new building is completed, expected in the second half of 2006.? Adidas also leases approximately 500,000 square feet (46,450 square meters) of distribution space from ProLogis in the U.S. in metro Cincinnati.

?"ProLogis continues to serve as an important logistics and distribution partner for Adidas in Asia and North America," said Sandrine Zerbib, president of the Greater China Area at Adidas.? "We look forward to working with ProLogis again on the development of this new, state-of-the-art facility, which will deliver substantial efficiencies for Adidas as we enhance our
Chinese supply-chain operations."

"Adidas is one of world's great consumer brands, and we're very pleased they have chosen to work with ProLogis as they further expand their Asian business," said Ming Mei, ProLogis managing director for China.? "We believe this transaction underscores our ability to serve customers on a global basis, as well as ProLogis Park Suzhou's strategic value as a distribution base for companies doing business in China and the Asia-Pacific region."

?Founded in 1994, Suzhou Industrial Park is one of China's most important and fastest-growing business and industrial areas.? Situated in Suzhou, a city of almost 7 million people about 50 miles west of Shanghai, the park spans an area of more than 115 square miles (300 square kilometers) and is home to the business operations of approximately 2,000 companies,? including dozens of Fortune 500 and Fortune Global 500 corporations.

As previously announced, ProLogis obtained exclusive development rights for logistics facilities at Suzhou Industrial Park under its joint venture with Suzhou Logistics Centre Co., Ltd., signed in 2004.? Other ProLogis global customers at the park include L'Oreal, Samsung, UPS and Nokia.

Headquartered in Germany, Adidas is a leader in the global sporting goods industry.? It manufactures and distributes athletic footwear, clothing, equipment and accessories in markets around the world under a broad portfolio of consumer brands, including Adidas, Mavic, Arc'Teryx, Bonfire, Cliche, TaylorMade and Maxfli.? In 2004, the company had annual revenues of more than 6.4 billion euros.

About ProLogis
ProLogis is a leading provider of distribution facilities and services with 371.9 million square feet (34.6 million square meters) in more than 2,300 distribution facilities owned, managed and under development in 75 markets in North America, Europe and Asia, as of Sept. 30, 2005.? ProLogis continues to expand the industry's first and largest global network of distribution facilities with the objective of building shareholder value.? The company expects to achieve this through the ProLogis Operating System(R) and its commitment to be 'The Global Distribution Solution' for its customers, providing exceptional facilities and services to meet their expansion and reconfiguration needs.