Prologis Garners Prestigious Recognitions at the 2016 Eurobuild CEE Awards
WARSAW (12 December 2016) — Prologis, Inc., the global leader in logistics real estate, picked up two prestigious wins at the 2016 Eurobuild CEE Awards.
Prologis was named “Warehouse Developer of the Year, CEE” and “Best Warehouse Manager of the Year, Poland” at the 2016 Eurobuild CEE Awards gala held 6 December at the DoubleTree by Hilton Warsaw Hotel. More than 900 real estate professionals from across Europe and the CEE region attended the event.
The Eurobuild Awards selects the best companies of 2016, as well as the best projects developed or opened between October 2015 and September 2016. Prizes are given in four categories: Lifetime Achievement Award, Jury Awards, Tenant Awards and Popular Vote Awards.
In the Jury Awards category, Prologis won “Warehouse Developer of the Year, CEE.” To date, 2016 has been the most active year for Prologis CEE since 2008. The company started 18 development projects totalling 331,000 square metres in core CEE locations; those projects included eight speculative facilities. Each new facility was submitted for BREEAM accreditation.
“This has been a very busy year for Prologis in CEE, as we were the only developer to start developments in all four countries across the region,” said Martin Polak, senior vice president and regional head for Prologis Central and Eastern Europe. “We have achieved 95-percent occupancy and a customer retention rate of more than 80 percent. We are proud to be recognized for the pace and quality of our work, as well as for the transparency with which we do business—this is a critical factor in how we build lasting relationships with our customers.”
In the Tenant Awards category, Prologis won “Best Warehouse Manager of the Year, Poland.” The award was given to Marta Kostyk, Prologis property manager in the Lower Silesia region.
“High-quality property management is at the top of our agenda and is key to Prologis’ success across the region,” said Renata Michalczyk, director, head of property management, Prologis Poland. “We are very proud of the teamwork behind this award, and the fact that it comes from our customers, who to us are the most important judges of our work.”
With its active engagement in four CEE countries and a portfolio totalling 4.4 million square metres, Prologis is the leading provider of distribution facilities in Central and Eastern Europe (as of 30 September 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.
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