ProLogis has announced it is to develop a 32,000 m[sup]2[/sup] distribution centre for tire manufacturer Michelin in the south-western French city of Poitiers. As part of the deal, ProLogis is to acquire the 32-hectare site of a recently-closed Michelin plant in Poitiers.
Singapore's Mapletree Investments has acquired 31 student housing assets in the UK and Germany from Cuscaden Peak Investments for £1 bn (€1.2 bn).
