Prologis Opens Second Small Business Unit Building in Poland

WARSAW (6 September 2016) – Prologis, Inc., the global leader in logistics real estate, today celebrated the grand opening of a 16,000 square metre small business unit (SBU) facility at Prologis Park Chorzów, which is already 60 percent leased. This is the last building to be constructed at Prologis’ largest distribution centre in Poland, totalling 251,000 square metres.

The opening, which was attended by representatives of local authorities, customers and business partners, was marked with a ceremony called “Arrange business according to your needs,” which summarized the benefits to Prologis’ customers of small business and office units. Thanks to the company’s ability to combine high-quality office and distribution space under a single roof, the SBU facility can be easily adapted to the scale of business.

“This is the second SBU facility in our Polish portfolio,” said Paweł Sapek, senior vice president and country manager, Prologis Poland. “After the success of our SBU at Prologis Park Wrocław III two years ago, we decided to develop a similar investment in Silesia. We were certain that the flexibility of office and distribution space within the city limits would quickly attract customers. This has been confirmed by the fact that the building is already 60 percent leased.”

"We are proud that the construction of the last building at Prologis Park Chorzow went smoothly and was completed on schedule," said Tomasz Oktaba, director project management, Prologis Poland. "This is a top-of-the-line SBU facility in the Silesia region. It was built according to standards of sustainable development and has undergone the process of BREEAM accreditation."

Prologis Park Chorzów is located on the western outskirts of Katowice, in the immediate vicinity of the A4 motorway connecting Ukraine and Germany, and is 15 kilometres from the Gliwice-Sośnica interchange, a junction of two of the largest international transport corridors in Poland.

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 30 June 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]