2013-09-19
PRAGUE – 19 September 2013 – Prologis, Inc., the leading global owner, operator and developer of industrial real estate, today announced it has begun construction of a 22,500-square-metre, speculatively-developed facility in Prologis Park Prague D1 West.

Located opposite Prologis Park Prague D1 East and next to the D1 motorway and 11 kilometres southeast of Prague city centre, Prologis Park Prague D1 West comprises four buildings totalling more than 52,000 square metres of modern distribution space. Current customers include DHL Supply Chain and Nagel Česko. The new facility will increase the total leasable area at Prologis Park Prague D1 West and Prologis Park Prague D1 East to 212,000 square metres.

 

“Prologis Park Prague D1 West & East is a highly sought after logistics location that is more than 97 percent occupied,” said Ben Bannatyne, Managing Director and Regional Head for Prologis CEE. “With limited supply and continued interest from prospective customers, we look forward to fulfilling growing space requirements in this market with a targeted approach to speculative development.”

 

With 27 facilities in six parks, Prologis provides more than 633,000 square metres of high quality distribution space in the Czech Republic as of June 30, 2013.

 

 

Media Contacts

 

Marta Tęsiorowska               

Vice President, Marketing & Communications, Prologis CEE

Direct: +48 22 218 36 56

E-mail: mtesiorowska@prologis.com 

 

Marta Rakoczy

ConTrust

Mobile: +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