Raben Commissions Additional Distribution Space at Prologis Park Nove Mesto

BRATISLAVA (24 October 2016) — Prologis, Inc., the global leader in logistics real estate, today announced it has started construction of a fully customised distribution facility comprising 3,755 square metres for Raben Logistics Slovakia, a third-party logistics provider, at Prologis Park Nove Mesto.

Scheduled for completion in the first quarter of 2017, the facility will increase Raben’s total leased space within the park to 14,700 square metres and will be dedicated to operations serviced by trucks and vans.

“This expansion was a strategic decision based on our mission to build a competitive advantage to our customers and our satisfaction with not only the location, but also the quality of Prologis’ services, both at Prologis Park Nove Mesto and across the region,” said Věnceslav Dobrynský, Contract Logistics Manager Raben Logistics Slovakia. “We are continuously exploring new ways to optimize our operations, and this new, customised facility is fully in line with Raben’s strategy.”

“As the nature of logistics continues to evolve, flexibility is becoming increasingly important to third-party providers looking to meet growing demand,” said Martin Baláž, director of development and leasing, Prologis Czech Republic and Slovakia. “We are committed to tailoring our facilities to meet our customers’ exact requirements, and are pleased do so for our long-term customer, Raben.”

Prologis Park Nove Mesto currently comprises two fully let facilities totalling more than 36,000 square metres of state-of-the-art distribution space. Located 100 kilometres northeast of Bratislava with direct access to the D1 highway, the park is an ideal hub for domestic and international logistics services.

Prologis is the leading provider of distribution facilities in Slovakia, with more than 545,000 square metres of logistics and industrial space (as of September 30, 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]