PRAGUE (30 March 2017) – Prologis, Inc., the global leader in logistics real estate, today announced that it has signed two new lease agreements totalling 12,100 square metres at its second speculative development at Prologis Park Prague-Airport. The park is now 100-percent leased.
Details of the lease agreements are as follows:
- 9,000 square metres to United Kingdom-based freight transport company.
- 3,100 square metres to O&M Movianto, an European healthcare solutions partner for the pharmaceutical, biotech and medical device industries, part of US-based Owens & Minor Inc. that is already a Prologis customer at Prologis Park Bratislava.
“The speed at which this new development has been leased reflects demand for high-quality logistics space in the right locations,” said Martin Baláž, director of leasing and development, Prologis Czech Republic and Slovakia. “With its solid operating fundamentals, Prologis Park Prague-Airport was the clear choice for speculative development.”
Prologis Park Prague-Airport is adjacent to the D6 motorway at Exit 7, five minutes from Prague Airport. The park, which comprises three buildings totalling 73,000 square metres and 48,000 square metres of potential future development, has excellent access to national and international trade routes via the D0 and on to the D5 and D1 motorways. Public transportation links, including a bus stop in the park, provide connections to Kladno and Prague, as well as to the train station.
Prologis is one of the leading providers of distribution facilities in the Czech Republic with more than 1 million square metres of logistics and industrial space (as of 31 December 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]