Prologis Fills up its Silesian Portfolio
WARSAW (10 April 2017) – Prologis, Inc., the global leader in logistics real estate, announced today that it signed three lease agreements totalling 57,700 square metres at its parks in Silesia.
Details of the lease agreements are as follows:
- 44,600 square metre renewal at Prologis Park Dąbrowa with DHL, part of the world’s leading postal and logistics company Deutsche Post DHL Group.
- 9,300 square metre new lease at Prologis Park Będzin II with Polonia Logistyka, a Polish supplier of high-quality logistical services in Europe. The company now occupies 18,800 square metres at Prologis Park Będzin II. Renthis Estate facilitated the transaction.
- 3,800 square metre new lease at Prologis Park Chorzów with Moto Profil, the leading importer and distributor of automotive spare parts and accessories in Poland. The company now occupies 36,800 square metres at Prologis Park Chorzów. Colliers International facilitated the transaction.
“With demand for space in Silesia on the rise, our customers remain laser-focused on selecting facilities in the right location. I am pleased to report that the occupancy of Prologis parks totalling 500,000 square metres in the Silesian region is 96 percent, 20 basis points above market average,” said Piotr Brycki, leasing manager, Prologis Poland.
All four of Prologis’ parks in Silesia (Dąbrowa Górnicza, Chorzów, Gliwice and Będzin) benefit from excellent transport links, including the A4 motorway, and easy access to the local labour pool and end consumers.
With its active engagement in four CEE countries and a portfolio totalling 4.5 million square metres, Prologis is the leading provider of distribution facilities in Central and Eastern Europe (as of December 31, 2016).
Prologis, Inc. is the global leader in industrial real estate. As of September 30, 2015, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 670 million square feet (62 million square meters) in 21 countries. The company leases modern distribution facilities to more than 5,200 customers, including third-party logistics providers, transportation companies, retailers and manufacturers.
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which Prologis operates, management’s beliefs and assumptions made by management. Such statements involve uncertainties that could significantly impact Prologis’ financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, development activity and changes in sales or contribution volume of properties, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, our ability to form new co-investment ventures and the availability of capital in existing or new co-investment ventures — are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“REIT”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments in our co-investment ventures and funds, including our ability to establish new co-investment ventures and funds, (viii) risks of doing business internationally, including currency risks, (ix) environmental uncertainties, including risks of natural disasters, and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by Prologis under the heading “Risk Factors.” Prologis undertakes no duty to update any forward-looking statements appearing in this document.
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