2. 1 ProLogis China -ProLogis Park Northwest -ProLogis Park Suzhou May, 2006

3. 2 ProLogis Park Northwest Site Area: 180,000 sqm GFA: 80,400 sqm (865,425 sf) ProLogis Park Northwest is strategically located in the Shanghai Northwest Logistics Development Zone. The zone is close to the Outer Ring Road as well as major expressways leading from Shanghai to the other areas of China, including 204 and 312 national roads, Hujia and Huning expressways. One of three logistics hubs designated by Shanghai Municipal government Relatively close to downtown and major Shanghai expressways Two roads connect to Outer Ring Road In an area with over 100,000 sqm of distribution facilities serving Schneider, Carrefour, Hymall, Hualian, the Tobacco Group, the Pharmaceuticals Group and several other major companies.

4. 3 Project Outline ProLogis Park Northwest (Phase I) - Inventory & BTS Project Name: ProLogis Park Northwest (I) Location: Northwest Logistics Development Zone, Shanghai Site Area: 106,000 sqm (1.1 msf) GFA: 48,400 sqm (521,000 sf) Leased: 100% Customer: Yum!, Huier, NYK, Menlo Phase II Phase I Built to Suit for YUM!

5. 4 Project Outline ProLogis Park Northwest (Phase II) - Inventory Project Name: ProLogis Park Northwest (Phase II) Location: Northwest Logistics Development Zone, Shanghai Site Area: 74,000 sqm (0.8 msf) GFA: 32,000 sqm (344,450 sf) Pre-Leased: 33% Customers: Bright Dairy Construction: Feb 2006 – Late 2006 Phase II Phase I Built to Suit for YUM!

6. 5 ProLogis Park Northwest - Clients

7. 6 ProLogis Park Northwest 9 4 3 2 1 632,420/58,753 Total 3PL 24,082/2,237 Menlo 65,358/6,072 Swire Food 113,412/10,536 Bright Dairy 3PL 115,390/10,720Huier Logistics Restaurant Chain134,015/12,450Yum Type of Business Leased Area (sf/sm) Customer Name 3PL 5 NYK 65,360/6,073 3PL 6 MOL 49,443/4,593 3PL 7 Wurth 33,552/3,117 Other 8 UPS 31,808/2,955 3PL

8. 7 Geographic Location - Suzhou

9. 8 Suzhou & Suzhou Industrial Park

10. 9 Suzhou Macro Economy Million [Data Source: Shanghai Stats 2005 & Suzhou Stats 2005] Square kilometer

11. 10 Suzhou Macro Economy 10 RMB Billion US$ Billion [Data Source: Shanghai Stats 2005 & Suzhou Stats 2005]

12. 11 Suzhou Macro Economy US$ Billion [Data Source: Shanghai Stats 2005 & Suzhou Stats 2005]

13. 12 ProLogis Park Suzhou Manufacturing Suzhou facts Located 60 minutes northwest of Shanghai Population of more than 6.06 million Ranked highest in FDI and in top 5 China cities for GDP and export growth 107 of the Fortune 500 have investments in Suzhou Suzhou Industrial Park Total planning area of 260 sq km with over 120,000 employees Top 3 industrial zones with fastest growth in China Annual economic growth rate ~ 40% Attracted total FDI over $10.28 billion by the end of 2005

14. 13 ProLogis Park Suzhou Location Residential Commercial Industrial Greenery Highway Exit Shanghai-Nanjing Highway Airport Highway to Hongqiao Airport Suzhou-Hangzhou Highway Highway Exit Modern Boulevard State Rd. 312 City Subway Circular City Highway Shanghai-Beijing Railway ProLogisParkSuzhouProLogisParkSuzhou

15. 14 Project Outline ProLogis Park Suzhou - Acquisition & Development Project Name: ProLogis Park Suzhou Location: Suzhou Industrial Zone, Suzhou Site Area: 636,200 sqm (6.8 msf) GFA: 229,700 sqm (2.5 msf) Leased: 89% Customer: Samsung, LOreal, Adidas, Nokia, UPS, Yokogawa, KWE Phase I Acquisition Phase II Acquisition Phase III Development

16. 15 Project Outline ProLogis Park Suzhou (Phase IV) - Inventory Project Name: ProLogis Park Suzhou (Phase IV) Location: Suzhou Industrial Zone, Suzhou Site Area: 92,000 sqm (990,300 sf) GFA: 44,000 sqm (473,600 sf) Construction: Jan 2006 – Mid-2006 BTS for Adidas Phase I Acquisition Phase II Acquisition Phase III Development

17. 16 Project Outline ProLogis Park Suzhou (adidas) - Build to Suit Project Name: ProLogis Park Suzhou (Adidas) Location: Suzhou Industrial Zone, Suzhou Site Area: 140,000 sqm (1.5 msf) GFA: 61,000 sqm (656,600 sf) Pre-Lease: 100% (Adidas) Construction: Jan 2006 – Mid-2006 BTS for Adidas Phase I Acquisition Phase II Acquisition Phase III Development

18. 17 ProLogis Park Suzhou - Clients

19. 18 www.prologis.com.cn Address: F a c i l i t i e s G l o b a l S t r a t e g i c Fax number: 2708 Azia Center 1233 LuJiaZui Ring Road Pudong, Shanghai 200121 +8621 61053999 Phone number: +8621 61053900