Prologis Park Prague-Airport Fully Let One Year After Completion
PRAGUE (12 May, 2016) — Prologis, Inc., the global leader in logistics real estate, today announced that it has signed a lease agreement with Bonami, a Czech e-commerce homewares retailer, for 5,795 square metres at Prologis Park Prague-Airport DC1.
“We were particularly drawn to the location of this facility, which offers us great access to various domestic and international trade routes, supporting the rapid expansion of our business,” said David Siska, CEO of Bonami. “In our three years of operation we have experienced tremendous regional success, so we very much appreciate the potential to expand within the park should we wish to do so in the future, as well as the high technical standard of the building.”
This lease agreement, which follows an 18,000 square metre lease recently signed with a Chinese e-shop operator, means that the speculatively-built Prologis Park Prague-Airport DC1 is now fully let.
“E-commerce continues to play an increasingly important role in the overall demand for distribution space in the Czech Republic and throughout the region,” said Martin Baláž, director of leasing and development, Prologis Czech Republic & Slovakia. “It is Prologis’ strategy to offer readily available, flexible space to meet the demand of future and existing customers, both e-commerce and otherwise, the success of which is illustrated by DC1’s full occupancy only one year after its completion.”
The transaction was facilitated by 108 Agency.
Prologis Park Prague-Airport currently comprises two buildings totalling 61,300 square metres. Located just five minutes from Václav Havel Airport Prague, the park provides excellent access for national and international traffic and trade routes via the D5 highway.
Prologis is one of the leading providers of distribution facilities in the Czech Republic with more than 985,000 square metres of logistics and industrial space (as of 31 March 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.
Vice President Marketing & Communications
Prologis Central & Eastern Europe
Direct: +48 22 218 36 56
Email: [email protected]&
PR Director, ConTrust Communication
Direct: + 48 605 073 929
E-mail: [email protected]