2013-09-06
PRAGUE, September 6, 2013 – Prologis, Inc., the leading global owner, operator and developer of industrial real estate, today announced it has signed four leasing agreements totalling 26,600 square metres in the Czech Republic.

The transactions include:

 

• 5,700 square metres leased at Prologis Park Prague D1 East (Building 2) to ESA Logistika, part of the Hitachi Transportation Systems Group, one of the leading logistics companies in the CEE market. Cushman & Wakefield was the leasing agent for this transaction.

 

• 5,700 square metres of additional space leased to Duke Manufacturing at Prologis Park Prague D1 East (Building 6). Duke Manufacturing expanded from its 2,100 square metre unit to a 7,800 square metre space at the same park. The transaction was brokered by Industrial Servis real estate agency.

 

• 5,600 square metres leased at Prologis Park Pilsen-Stenovice (Building 3) to Duvenbeck Logistik, a German international full-service logistics provider. Colliers International was the leasing agent for this transaction.

 

• 9,600 square metres renewed by Raben Logistics at Prologis Park Prague D1 East (Building 1).

 

Martin Polák, Prologis Vice President and Market Officer for the Czech Republic and Slovakia, said: “Our reputation for listening to our customers’ needs, providing outstanding service and investing in long-term relationships has helped us attract new business and retain current customers, keeping our vacancy rate below the market average at 6.9%. We are delighted these organisations have chosen to partner with Prologis and look forward to supporting their continued growth in the Czech Republic.”

 

With its portfolio of six distribution parks, located in 27 buildings, totalling more than 630,000 square metres, Prologis is one of the leading operators of distribution facilities in the Czech Republic (as of June 30, 2013).

 

Media Contacts

 

Marta Tęsiorowska

Vice President, Marketing & Communications

Prologis Central & Eastern Europe

Direct: +48 22 218 36 56

E-mail: mtesiorowska@prologis.com

 

Marta Rakoczy

PR Director

ConTrust

Direct: + 48 605 073 929

E-mail: m.rakoczy@contrust.pl

 

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 June 30, 2013, Prologis owned or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total

 

 

approximately 52.3 million square metres in 21 countries. The company leases modern distribution facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.

 

The statements in this release 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 developed properties, disposition activity, general conditions in the geographic areas where we operate, synergies to be realized from our recent merger transaction, our debt and financial position, our ability to form new property funds and the availability of capital in existing or new property funds — 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 release.

 

Nadesłał: ConTrust http://contrust.pl