AMB Property Corp. (AMB), a leading real estate investment trust (REIT), recently leased approximately 283,200 square feet of its development portfolio in China as the country witnessed increased demand for state-of-the-art distribution facilities due to rise in consumer and business spending.

The company leased 186,200 square feet of industrial space at AMB Guangzhou Development Zone Logistics Center, a multi-story business park located in Guangzhou — the third largest city in China, to an unnamed customer. With the deal, the facility is currently 96% leased.