Prologis Park Chorzówin High Demand
WARSAW (19 May 2016) – Prologis, Inc., the global leader in logistics real estate, today announced that it has signed four lease agreements totalling more than 32,700 square metres at Prologis Park Chorzów.
The transactions include:
- a 16,770 square metre renewal with ArchiDoc, a leader in document management and back-office business services, in Building 4. Colliers International acted as the broker.
- a 11,574 square metre renewal with Latex Opony SA, a leader in the tyre sector, in Building 4.
- a 3,030 square metre new lease agreement with Ideus, a lighting company and sole distributor of Strühm and Horoz products, in Building 4. JLL facilitated the transaction.
- a 1,397 square metre new lease agreement with Euro-Net, owner of nationwide electronics retail network RTV EURO AGD, at the Small Business Unit (SBU) facility, which is currently under construction. Cushman & Wakefield acted as the broker in this transaction.
“New lease agreements and renewals at Prologis Park Chorzów demonstrate that Chorzów is an important spot on Poland’s industrial real estate map,” said Piotr Brycki, leasing manager, Prologis Poland. “Customers are looking for high-quality distribution facilities within the city limits and close to major transport routes. Prologis Park Chorzów, totalling 235,000 square metres, is the largest of its kind in the Upper Silesia Region.”
“Prologis’ SBU building meets the needs of RTV EURO AGD primarily due to its optimal location that allows the company to serve the Silesian market. The technical specifications of the building, which exceeded the standard of Class-A industrial facilities, also had a great impact on the customer’s decision,” said Joanna Sinkiewicz, Associate, Head of Key Clients & Tenant Representation, Cushman & Wakefield.
Prologis Park Chorzów is a state-of-the-art distribution park on the western outskirts of Katowice, in the immediate vicinity of the A4 Motorway connecting Ukraine and Germany and 15 kilometres away from the Gliwice-Sośnica interchange, a junction of two of the largest international transport corridors in Poland.
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 31 March 2016).
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
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