Allegro With a New Warehouse at Prologis Park Błonie
WARSAW (12 July 2016) – Prologis, Inc., the global leader in logistics real estate, today announced that it has signed a lease agreement with Grupa Allegro, the largest e-commerce platform in Poland, for 21,950 square metres at Prologis Park Błonie. The transaction involves 13,100 square metres of space that has been leased now and an additional 8,850 square metres that will be leased in 2017.
This represents the third lease agreement signed by Prologis in Central and Eastern Europe with an e-commerce company in the last quarter. BNP Paribas Real Estate Poland facilitated the transaction.
“Allegro continues to look for new solutions for both its customers and business. Prologis Park Błonie perfectly meets our needs. Its convenient location is also important in terms of workforce availability,” said Adam Pawelczak, Supply Chain Director at Allegro.
“We are experiencing a logistics boom within e-commerce in Poland, and expect lease agreements with these companies to total up to 700,000 square metres by 2020,” said Zbigniew Smyczyński, leasing manager, Prologis Poland. “We are pleased that Allegro has chosen Prologis Park Błonie as the location for its distribution facility. Suburban parks are becoming increasingly attractive locations for companies because of staff availability, attractive labour costs and relatively low rent costs. Prologis Park Błonie satisfies all the needs of this particular sector.”
“The e-commerce market is witnessing exponential growth, which translates into the need to accelerate project deliveries for the key players in that sector. Closing the deal for Allegro required a great deal of discipline on our part due to the tight schedule” said Martyna Kajka, consultant, Industrial & Logistics Department, BNP Paribas Real Estate Poland.
Prologis Park Błonie is a state-of-the-art distribution centre comprising seven buildings totalling 152,000 square metres. Located 25 kilometres to the west of the Warsaw city centre, near Road E30/DK92 which connects Western and Eastern Europe, and the A2 motorway, which connects Warsaw and Berlin, it is particularly attractive for companies providing distribution services on both a European and regional scale.
With its active engagement in four CEE countries and a portfolio totalling 4.3 million square metres, Prologis is the leading provider of logistics facilities in Central and Eastern Europe (as of March 31, 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
Email: [email protected]&
PR Director, ConTrust Communication
Direct: + 48 605 073 929
E-mail: [email protected]