Prologis Park Wroclaw V Expands by Additional 11,400 Square Metres
WARSAW (29 November 2016) – Prologis, Inc., the global leader in logistics real estate, announced it has begun construction of a speculative facility totalling 11,400 square metres at Prologis Park Wrocław V.
Scheduled for completion in the second quarter of 2017, the building is already 100-percent pre-leased, just one month after the start of construction.
Leases at the facility include the following:
- 7,195 square meters for a pharmaceutical company and drug manufacturer;
- 2,300 square metres for Emako, an online store that sells home and garden supplies;
- 1,890 square metres for, a leading logistics operator.
“We were happy to adapt the facility to better meet the needs of our customer, a well-respected company operating in the pharmaceutical sector. As well as installing a high-quality system for optimal temperature and humidity control, we recognized the importance of securing the gates and docks to prevent air from entering. To that end, we created delivery and release chambers that form transitional buffers in front of the facility entrance,” said Ewa Zawadzka, vice president, head of land and development, Prologis Poland. “By working with our customers to understand their needs, we are proud to announce that Prologis Park Wrocław V is now fully occupied.”
Prologis Park Wrocław V comprises six facilities totalling 136,000 square metres. It is located in Nowa Wieś Wrocławska, three kilometres southwest of the Bielański Junction at the interchange of the A4 motorway (Berlin-Wrocław-Kraków-Ukraine) with the SB/E67 Expressway, near the Wrocław Motorway Ring Road. In addition to its excellent location, the park offers customers the ability to expand their logistics operations.
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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