SAN FRANCISCO, Aug. 11 /PRNewswire-FirstCall/ -- AMB Property Corporation(R) (NYSE: AMB), a leading global owner, operator and developer of industrial real estate, today announced it has leased more than 79,000 square feet (approximately 7,400 square meters) in Amsterdam to IKEA, a leading home furnishings retailer. IKEA selected AMB Arena Distribution Center 2 as part of their consolidation of operations in southeast Amsterdam, a high-demand submarket with limited supply of distribution space.

"The location of AMB Arena Distribution Center 2 complements IKEA's retail presence in the market, and its proximity to Amsterdam city center was a deciding factor in their selection of this facility, demonstrating continued demand for infill industrial properties," said Mo Barzegar, AMB's managing director, Europe. "We look forward to an ongoing relationship with IKEA."

AMB Arena Distribution Center 2 provides rapid access to the junction of the A1 (Amsterdam-Amersfoort), A2 (Amsterdam-Utrecht) and A9 highways (Amsterdam-Haarlem), as well as the A10 ring road. The facility is located approximately three miles to Amsterdam city center and 12 miles to Amsterdam Airport Schiphol.

As of June 30, 2009, AMB's portfolio of operating and development properties in Europe totaled more than 14 million square feet (1.3 million square meters), of which approximately 3.6 million square feet (333,000 square meters) is located in the Netherlands.

AMB Property Corporation.(R) Local partner to global trade.(TM)

AMB Property Corporation(R) is a leading owner, operator and developer of industrial real estate, focused on major hub and gateway distribution markets in the Americas, Europe and Asia. As of June 30, 2009, AMB owned, or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 156.9 million square feet (14.6 million square meters) in 48 markets within 14 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company's portfolio is comprised of High Throughput Distribution(R) facilities--industrial properties built for speed and located near airports, seaports and ground transportation systems.

AMB's press releases are available on the company website at www.amb.com or by contacting the Investor Relations department at +1 415 394 9000.