WARSAW (18 October 2016) - Prologis, Inc., the global leader in logistics real estate, today announced it has signed two new lease agreements totalling 15,750 square metres at Prologis Park Teresin.
The transactions include:
- 5,850 square metres of industrial and office space for NTA, a company providing comprehensive logistics services for paper products bringing the total leased space in the park to 11,850 square metres;
- 9,900 square metres of industrial and office space for Euro Pool System, a market leader in the field of reusable packaging for the European fresh supply chain.
"We have operated from Prologis Park Teresin for the past five years," said Leszek Garzombke, Logistics Director, NTA. "To accommodate our growth plans we decided to expand at this proven location and further leverage the site's rail connection to Western Europe, the Baltic states and Russia."
"Euro Pool System started operations in Poland in 2014," said Julio Lázaro Badenas, International Operations Manager, Euro Pool System. "The opening of the Euro Pool System Return Logistics Service depot at Prologis Park Teresin perfectly fits in Euro Pool System's growth plans in Poland. From now on we will also wash our trays and render return logistics services in our depot in Teresin, close to our Polish customers".
Prologis Park Teresin consists of three buildings totalling nearly 160,000 square metres. The state-of-the-art complex boasts its own rail siding and a connection with National Road DK92 and Motorway A2 (Wiskitki Junction). The park is ideal for supporting national and international distribution strategies.
"The new leases reflect solid demand for space at Prologis Park Teresin," explains Kamila Pruk, senior leasing manager, Prologis Poland. "The park's excellent location combined with its road and rail connections make it ideally suited to support the growth of business both at home and abroad."
With its active engagement in four CEE countries and a portfolio totalling 4.3 million square metres, Prologis is the leading provider of distribution facilities in Central and Eastern Europe (as of 30 June 2016).
ABOUT PROLOGIS
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.
FORWARD-LOOKING STATEMENTS
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.
MEDIA CONTACTS
Marta Tęsiorowska
Vice President Marketing & Communications
Prologis Central & Eastern Europe
Direct: +48 22 218 36 56
Email: [email protected]&
Marta Zagożdżon
PR Director, ConTrust Communication
Direct: + 48 605 073 929
E-mail: [email protected]