Prologis Launches New Investment in Stryków
WARSAW (31 August 2016) – Prologis, Inc, the global leader in logistics real estate, today announced that it will deliver a 11,740 square metre build-to-suit (BTS) facility for Geis PL, a German logistics operator, at Prologis Park Stryków. The project is scheduled for completion in the fourth quarter of 2016.
The new cross-dock facility will feature a large number of loading gates on both sides of the building, a design that will help to optimize the customer’s operations. At the request of the Geis, both the parking area and the picking area will be expanded, whereas the office space will be provided in the form of a pop-out block.
“We needed a trustworthy and reliable partner. We chose Prologis because of our long-standing relationship with the company in the Czech Republic, where we have our distribution facility at Prologis Park Ostrava,” said Michal Martinovic, Managing Director Central and Eastern Europe, Geis Group. “We also took into account the excellent location of Prologis Park Stryków, which has access to the A1 and A2 motorways, as well as the fact that Prologis owned the land, which enabled the project to begin immediately”.
“When delivering BTS projects, the key to success is understanding the needs of our business partner. Our dedicated project team studied Geis’ operational processes in detail and proposed structural solutions that ensure their optimisation,” said Ewa Zawadzka, vice president, head of land and development, Prologis Poland.
Prologis Park Stryków is located within one kilometre of the junction of two main motorways: A1/E75 (Gdańsk-Vienna) and A2/E30 (Berlin-Moscow). The road infrastructure connects the Łódź Metropolitan Area with the entire country. At completion, the park will comprise 115,500 square metres of modern logistics space.
With its active engagement in four CEE countries and a portfolio totalling 4.3 million square metres, Prologis is the leading provider of distribution facilities in Central and Eastern Europe (as of 30th June 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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