Globus Now Leasing 61,500 Square Metres at Prologis Park Prague-Jirny

PRAGUE (15 March 2016) — Prologis, Inc., the global leader in industrial real estate and Globus Hypermarket Holding, today celebrated the grand opening of a 32,500 square metre build-to-suit facility at a ribbon-cutting ceremony at Prologis Park Prague-Jirny.

The spring-themed event was attended by several Globus representatives, including Globus’ owner, Thomas Bruch, and logistics director, Ondřej Zíka, along with Prologis senior vice president and regional head for Central and Eastern Europe, Martin Polák, and the mayor of Jirny, Stanislav Skořepa.

After the ribbon cutting and a guided tour, guests were invited to enjoy the culinary brilliance of Jan Punčochář, renowned Executive Chef of Prague’s spectacular Grand Cru restaurant, who prepared an exclusive spring theme menu for the event.

Situated adjacent to Globus’ existing and recently renewed 28,916 square metre facility in DC4, this new state-of-the-art distribution center features temperature-controlled spaces for the preservation of an assortment of dry and refrigerated goods, as well as fresh food and produce.

“Prologis’ long-term relationship with Globus is a shining example of what we strive to achieve for our customers,” said Martin Polák, senior vice president and regional head, Prologis Central and Eastern Europe. “I am very proud of our local team for their tireless commitment to this project, and I am confident this facility will serve Globus well for its Czech operations just as the original, adjoining space has over the past four years.”

“It was crucial for us that Globus’ specific storage requirements could be met, and we are very pleased with the results,” said Ondřej Zíka, Globus logistics director. “In addition, Prologis was able to offer us additional space for a ‘one-roof solution’ to optimise our operations within the park, a key factor in our decision to nearly double our distribution space here.”

Prologis Park Prague-Jirny is a state-of-the-art distribution park that currently comprises 255,000 square metres of distribution space. The park is located 8 kilometres east of the Prague city border with direct access to the D11 motorway, enabling efficient distribution to local markets and neighbouring countries.

Prologis is one of the leading providers of distribution facilities in the Czech Republic with more than 950,000 square metres of logistics and industrial space (as of December 31, 2015).

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]