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AMB Property Corporation(R) Leases 440,000 SF in Hamburg
Date:7/7/2009

SAN FRANCISCO, July 7 /PRNewswire-FirstCall/ -- AMB Property Corporation(R) (NYSE: AMB), a leading owner, operator and developer of industrial real estate, today announced that it has fully leased a 328,000 square foot (30,500 square meter) facility at AMB Hausbruch Industrial Center in Hamburg to BSN medical GmbH, a leading global medical device company. The new lease, effective July 1, 2009, renews BSN medical's previous commitment to 210,000 square feet (19,500 square meters), and increases their lease by 118,000 square feet (11,000 square meters) of additional space.

"AMB adapted to market conditions in our management of this infill asset. We acquired the site as part of our AMB Hausbruch Industrial Center, with plans to demolish the building and develop a modern distribution facility in its place. However, we were able to meet the needs of a highly respected customer for 10 more years, and to significantly expand their leased space," said Mo Barzegar, AMB's managing director, Europe.

"We are extremely pleased that AMB was able to offer us long-term accommodation for our production center at this strategic location, which is close to our Global R&D facility and BSN's head office, ensuring both close communication and a strong talent base," said Dr. Claus-Hermann Wiegel, managing director of BSN medical.

AMB Hamburg Hausbruch Industrial Park is located approximately one mile from the Altenwerder Terminals of the Port of Hamburg and approximately five miles from Hamburg city center. The site has immediate access to the A7 highway, the main north/south arterial through the region that intersects with the A1 highway, connecting Hamburg with the Rhine-Ruhr region, Germany's most densely populated and industrialized region.

Additionally, AMB has leased approximately 112,000 square feet (10,400 squ
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SOURCE AMB Property Corporation
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