Waberer’s Takes It All at Prologis Park Budapest-Sziget
BUDAPEST (21 November 2016) – Prologis, Inc., the global leader in logistics real estate, announced that it has signed a new lease agreement for 13,800 square metres and will deliver two new facilities totalling 21,000 square metres at Prologis Park Budapest-Sziget for Waberer’s.
The transactions with new customer Waberer’s include the following:
- 13,800 square metres at DC7A, a 21,500 square metre speculative facility that is now fully let two months after completion.
- 21,000 square metres at DC7B and DC8 to be developed to the customer’s specifications and scheduled for completion in the second quarter of 2017.
“We were looking for a high-quality logistics hub near Budapest and close to a major transport route, and Prologis’ offer fulfilled our expectations with high technical standards, customer service and a premium location. The sustainable solutions in the park are perfect for our green agenda,” said Zsolt Barna, director contract logistics management, Waberer’s.
“We are proud that Waberer’s, the leader in international transportation in Europe and the leading domestic freight and complex logistics services provider in Hungary, has become our new customer in Hungary. Both Prologis and Waberer’s are committed to minimizing the environmental impacts of our businesses, making this a strategic relationship for both parties,” said Laszlo Kemenes, senior vice president and country manager, Prologis Hungary.
Kemenes added: “Prologis Park Budapest-Sziget is currently 99-percent let, including the recently delivered speculative facility, and, with the completion of both buildings for Waberer’s, will be fully developed. Our development strategy for this park has proved to be successful.”
Prologis Park Budapest-Sziget currently comprises seven buildings totalling 150,000 square metres. The park is southeast of Budapest in the industrial zone of Szigetszentmiklós, providing direct access to the national and international road network via the M0 ring highway around Budapest.
Prologis is the leading provider of distribution facilities in Hungary with more than 640,000 square metres of logistics space in eight industrial parks (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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