AMB Property Corporation(R) Leases 77,000 SF in Shanghai

SAN FRANCISCO, Nov. 3 /PRNewswire-FirstCall/ -- AMB Property Corporation®
(NYSE: AMB), a leading global owner, operator and developer of industrial real
estate, today announced it has leased approximately 77,000 square feet (7,100
square meters) of its AMB Jiuting Distribution Center facility in Shanghai to
Bus Logistics, bringing the more than 376,000 square foot (approximately
35,000 square meter) facility to more than 97 percent leased.

Bus Logistics of Shanghai and Yamato Transport Co., Ltd. of Japan are joint
venturing to establish a distribution network in east China. AMB Jiuting
Distribution Center will serve as the joint venture's first distribution base
in China.

"AMB Jiuting Distribution Center's strategic location enables Yamato (China)
Transport Co., Ltd. to access new markets and tap into demand generated by the
country's stimulus package," said Kecheng Liu, vice chairman of the board of
Bus Logistics.

"Our development was designed and strategically located to facilitate the
rapid movement of goods making it well suited for 3PL activity," said Ben
Cornish, AMB's managing director, China. "AMB partnered with Yamato (China)
Transport Co., Ltd. to ensure their real estate requirements were met as they
expand their business and contribute to regional development."

AMB's Asia portfolio totals approximately 16.2 million square feet (1.5
million square meters) of operating and development properties. AMB's
operating portfolio in China is now approximately 92 percent leased.

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

AMB Property Corporation® is a leading owner, operator and developer of global
industrial real estate, focused on major hub and gateway distribution markets
in the Americas, Europe and Asia. As of September 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
156.1 million square feet (14.5 million square meters) in 47 markets within 14
countries. AMB invests in properties located predominantly in the infill
submarkets of its targeted markets. The company's portfolio comprises High
Throughput Distribution® 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.

Some of the information included in this press release contains
forward-looking statements, such as those related to the occupation of AMB
Jiuting Distribution Center and demand for AMB's portfolio in Shanghai, which
are made pursuant to the safe-harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended. Because these forward-looking statements involve
risks and uncertainties, there are important factors that could cause our
actual results to differ materially from those in the forward-looking
statements, and you should not rely on the forward-looking statements as
predictions of future events. The events or circumstances reflected in
forward-looking statements might not occur. You can identify forward-looking
statements by the use of forward-looking terminology such as "believes,"
"expects," "may," "will," "should," "seeks," "approximately," "intends,"
"plans," "pro forma," "estimates" or "anticipates" or the negative of these
words and phrases or similar words or phrases. You can also identify
forward-looking statements by discussions of strategy, plans or intentions.
Forward-looking statements are necessarily dependent on assumptions, data or
methods that may be incorrect or imprecise and we may not be able to realize
them. We caution you not to place undue reliance on forward-looking
statements, which reflect our analysis only and speak only as of the date of
this report or the dates indicated in the statements. We assume no obligation
to update or supplement forward-looking statements. The following factors,
among others, could cause actual results and future events to differ
materially from those set forth or contemplated in the forward-looking
statements: defaults on or non-renewal of leases by tenants or renewal at
lower than expected rent or failure to lease at all or on expected terms,
decreases in real estate values and impairment losses, our failure to obtain,
renew or extend financing or re-financing, risks related to debt and equity
security financings (including dilution risk), our failure to divest
properties we have contracted to sell or to timely reinvest proceeds from any
divestitures, failure to maintain our current credit agency ratings or comply
with our debt covenants, international currency and hedging risks, financial
market fluctuations, changes in general economic conditions, global trade or
in the real estate sector, inflation risks, a downturn in the U.S., California
or global economy, increased interest rates and operating costs or greater
than expected capital expenditures, risks related to suspending, reducing or
changing our dividends, our failure to contribute properties to our
co-investment ventures, risks related to our obligations in the event of
certain defaults under co-investment ventures and other debt, difficulties in
identifying properties to acquire and in effecting acquisitions, our failure
to successfully integrate acquired properties and operations, risks and
uncertainties affecting property development, value-added conversions,
redevelopment and construction (including construction delays, cost overruns,
our inability to obtain necessary permits and public opposition to these
activities), our failure to qualify and maintain our status as a real estate
investment trust, risks related to our tax structuring, environmental
uncertainties, risks related to natural disasters, changes in real estate and
zoning laws, risks related to doing business internationally and global
expansion, risks of opening offices globally, risks of changing personnel and
roles, losses in excess of our insurance coverage, unknown liabilities
acquired in connection with acquired properties or otherwise and increases in
real property tax rates. Our success also depends upon economic trends
generally, including interest rates, income tax laws, governmental regulation,
legislation, population changes and certain other matters discussed under the
heading "Risk Factors" and elsewhere in our annual report on Form 10-K for the
year ended December 31, 2008.

SOURCE AMB Property Corporation

Tracy A. Ward, Vice President, IR & Corporate Communications, +1-415-733-9565,
tward@amb.com, or Rachel E. M. Bennett, Director, Media and Public Relations,
+1-415-733-9532, rbennett@amb.com, both of AMB Property Corporation