WARSAW (17 May 2016) – Prologis, Inc., the global leader in logistics real estate, today announced that it has signed lease agreements with arvato Polska for 30,835 square metres at Prologis Park Błonie. The transactions include a lease renewal for 22,510 square metres and a new lease for 8,325 square metres of additional distribution space.
arvato Polska is a part of Bertelsmann, the third-largest media corporation in the world. Since 1994, the company has provided comprehensive outsourcing services within three solution groups: SCM (Supply Chain Management), CRM (multichannel customer service) and FS (professional financial services).
“Our partnership with arvato Polska began 12 years ago, when the company leased 4,100 square metres of industrial space at Prologis Park Błonie,” said Zbigniew Smyczyński, leasing manager, Prologis Poland. “We are glad that our long-term customer appreciates the strengths of this park, which ensures an easier distribution of goods across the entire Warsaw metropolitan area and access to the nearby ring roads, which connect the north and south regions of the country."
“Due to a dynamic development of current projects as well as acquiring new customers, we have taken a decision to expand within Prologis Park Błonie. Important to us is the quality of the buildings and the location, which, with its easy access, offers proximity to the local workforce”, said Lidia Ratajczak-Kluck, SCM SG Director, arvato Polska.
Prologis Park Błonie is a modern distribution park that comprises seven facilities totalling 152,000 square metres of industrial space. It is located on Road DK92, which connects Western and Eastern Europe, and is 8 kilometres from the A2.
With its active engagement in Poland, the Czech Republic, Hungary and Slovakia, 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).
ABOUT PROLOGIS
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.
FORWARD-LOOKING STATEMENTS
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.
MEDIA CONTACTS
Marta Tęsiorowska
Vice President Marketing & Communications
Prologis Central & Eastern Europe
Direct: +48 22 218 36 56
Email: [email protected]&
Marta Zagożdżon
PR Director, ConTrust Communication
Direct: + 48 605 073 929
E-mail: [email protected]