7,100 Square Metre Pre-lease Kick Starts New Development in Chorzów
WARSAW (15 February 2016) – Prologis, Inc., the global leader in industrial real estate, today announced that it has begun the development of a Small Business Unit (SBU) facility totalling 16,000 square metres at Prologis Park Chorzów in Poland. The building is already 45 percent pre-leased to the global leader in express shipping services. Completion is scheduled for the second quarter of 2016.
With the smallest units starting at just 828 square metres, the facility appeals to customers looking for high-quality, flexible office and distribution space within the city limits. The facility is designed with cross docks, wherein each unit is equipped with a level-access gate and two loading docks. Units can be combined to customize space for individual customer needs. This flexibility allows for the most efficient use of the space and helps to reduce operating costs.
“This is the second Small Business Unit facility in Poland developed by Prologis, following the one in Wrocław,” said Paweł Sapek, senior vice president, country manager, Prologis Poland. “We are certain that it will replicate the spectacular success of its Wrocław predecessor and will be fully leased very soon.”
Prologis Park Chorzów is a state-of-the-art distribution park totalling 235,000 square metres. The park is located on the western outskirts of Katowice, in the immediate vicinity of the A4 motorway connecting Ukraine and Germany, and is 15 kilometres from the Gliwice-Sośnica interchange, a junction of two of the largest international transport corridors in Poland.
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.
Vice President Marketing & Communications
Prologis Central & Eastern Europe
Direct: +48 22 218 36 56
Email: [email protected]&
PR Director, ConTrust Communication
Direct: + 48 605 073 929
E-mail: [email protected]