Prologis Completes Build-to-Suit Distribution Hub for German Automotive Company

BRATISLAVA (28 April 2016) — Prologis, Inc., the global leader in logistics real estate, today celebrated the grand opening of a 25,414 square metre build-to-suit facility for BMW Group at Prologis Park Bratislava with an official ribbon-cutting ceremony.

The festive ‘crossing the finish line’ themed event was attended by Mr. Wolfgang Baumann, vice president of Parts Logistics Management at BMW, alongside Ben Bannatyne, president of Prologis Europe, and Martin Polák, Prologis senior vice president and regional head for Central and Eastern Europe. The Senec mayor and more than 80  distingushed guests, city officials, media and employees also attended the ceremony.

Tailored to suit the customer’s specific requirements, the state-of-the-art distribution facility, DC9, features LED lighting, temperature control, perimeter lighting, surveillance, IT solutions and a dangerous goods room (ADR) and will serve as a spare parts distribution hub for all of Central Europe.

“We continue to receive demand from automotive companies throughout the CEE region, which often require tailored facilities to suit their business operations,” said Martin Polák, senior vice president and regional head, Prologis Central and Eastern Europe. “This new facility is a first-rate example of Prologis’ ability to provide customised space in ideal locations, and we are delighted to have taken part in such a prestigious project.”

Prologis Park Bratislava is a state-of-the-art industrial park located 24 kilometres east of Bratislava’s city centre, two kilometres from Senec and 16 kilometres from the international airport. It currently comprises 13 facilities totalling more than 320,000 square metres of production and distribution space.

Prologis is the leading provider of distribution facilities in Slovakia, with more than 520,000 square metres of logistics and industrial space (as of March 31, 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]