Good April for Prologis in the Warsaw Region
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Warsaw – 26 May 2014 – Prologis, Inc., the leading global owner, operator and developer of industrial real estate announced today that it has signed six lease agreements totalling almost 94,000 square metres in the Warsaw region.
The transactions, which comprise a mix of lease extensions, lease renewals and new leases, were signed in April and include:
· 35,000 square metres at Prologis Park Sochaczew, a lease extension with Procter & Gamble, one of the largest global fast-moving consumer goods (FMCG) companies;
· 34,000 square metres at Prologis Park Teresin, a lease extension with Viva, one of the world’s largest manufacturers of plastic packaging;
· 11,600 square metres at Prologis Park Nadarzyn, a renewal for 10,000 square metres and expansion for a further 600 square metres with VTS, a leading manufacturer of ventilation and air conditioning units;
· 5,222 square metres at Prologis Park Błonie, a lease extension with PPG Deco Polska, a leading producer in the Polish market of paints for walls and other surfaces;
· 5,000 square metres at Prologis Park Sochaczew, additional space for one of the world’s leading providers of courier and logistics services;
· 3,500 square metres at Prologis Park Warsaw II to Pilot Unlimited and Helix, international distributors of food and chemical products of well-known brands.
“Warsaw is a very competitive market, but in April we managed to lease on average 3,100 square metres a day in the region,” said Michał Czarnecki, Vice President and Head of Leasing for Prologis in Poland. “This is testament to the quality of our facilities, which helps us retain existing customers as well as attract new ones.”
With its active engagement in five countries across the region (Poland, Czech Republic, Hungary, Slovakia and Romania) and a portfolio totalling more than 3.7 million square metres, Prologis is the leading operator of distribution facilities in Central & Eastern Europe (as of 31 March 2014).
About Prologis
Prologis, Inc., is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. As of March 31, 2014, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 574 million square feet (53.3 million square meters) in 21 countries. The company leases modern distribution facilities to more than 4,700 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.
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