Prologis Develops 8,000 Square Metre Build-to-Suit for Fiege in Hungary

BUDAPEST (20 January 2016) Prologis, Inc., the global leader in industrial real estate, today announced that it has begun the development of an 8,000 square metre build-to-suit facility (DC2) at Prologis Park Hegyeshalom for Fiege, one of Europe’s leading logistics providers.

Fiege has also signed a lease renewal for its existing 11,400 square metre space in DC1 at the same park. The company already leases 126,000 square metres in five Prologis parks across Europe. The new 8,000 square metre facility, which will be its second building at the fully occupied park, will include 100 square metres of state-of-the-art office space.

“Fiege is specializing in integrated supply chain solutions for many different industries, and the complex services we provide generate business opportunities. We are pleased with our existing facility at Prologis Park Hegyeshalom, and to accommodate our business growth we have decided to renew our current lease agreement and expand into another high-quality build-to-suit facility that will fulfil the specific requirements of our daily operations. Prologis’ professional customer management team and flexible approach drove our decision”. – said Gergely Hepp, managing director, Fiege.

With the Hungarian market consolidating, we see increased demand to expand partnerships with our existing customer base, and we are pleased to develop a new build-to-suit facility for Fiege,” said László Kemenes, senior vice president, country manager, Prologis Hungary. “Hegyeshalom, our only development in Hungary outside the greater Budapest area, has been fully occupied in past years and is becoming an important strategic hub for Fiege’s regional logistics activity with its reach to Austria, Hungary and Slovakia.” 

Prologis Park Hegyeshalom currently comprises a 24,100 square metre facility that is fully leased to Fiege and SMR. It offers 120,000 square metres of additional development potential. The park is located in western Hungary in the proximity of Vienna, Bratislava and Győr, providing easy access to all three markets via the M1 and M15 motorways.

Prologis is the leading provider of industrial space in Hungary with a portfolio of 612,000 square metres in six parks (as of September 30, 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]