Fiege and GTX Hanex Plastics Appreciate Prologis Park Dąbrowa
WARSAW (9 May 2016) – Prologis, Inc., the global leader in logistics real estate, today announced that it has extended two leasing agreements for 29,000 square metres at Prologis Park Dąbrowa.
The transactions include:
- a 24,272 square metre renewal with Fiege, a leading provider of logistics services
- a 2,735 square metre renewal and a 1,907 square metre expansion with GTX Hanex Plastics, a leader in the Polish packaging market. The transaction was facilitated by Cushman & Wakefield.
"Both renewals and GTX Hanex Plastic’s expansion at Prologis Park Dąbrowa demonstrate how well we understand the needs of our customers and how we are able to meet their expectations. The high quality of our services leads to long-term relationships such as these," said Piotr Brycki, leasing manager, Prologis Poland.
"Our partnership with Prologis has a European dimension and already includes five parks. We are very satisfied with their service, which is why we decided to renew our lease at Dąbrowa Górnicza, where we provide logistics services for 3M," said Krzysztof Kuczborski, Operations Director Fiege.. "An excellent location on the express road S1 and proximity to the A4 motorway gives the Central European distribution park of 3M a great competitive advantage."
"The decision to renew and expand our lease agreement was strongly influenced by the proximity of our factory as well as by the tailormade solutions proposed by Prologis. The electrical system installed in our unit has been adapted to our increased demand for energy consumption so that we can grow our business even more effectively," said Marcin Pachalski, Operations Director GTX Hanex Plastics.
"Thanks to the excellent location and the scale of Prologis’ complex, as well as the attractive conditions offered by Prologis, we were able to offer a solution that would allow GTX Hanex to engage in production activity," said Wojciech Dachniewski, Senior Negotiator in the industrial department of Cushman & Wakefield.
Prologis Park Dąbrowa is a state-of-the-art distribution park comprising 10 buildings totalling 144,000 square metres. The park is located in Dąbrowa Górnicza, in northeastern Silesia, and has convenient access to numerous key transport routes, including the express road S1, which provides a direct connection to the A4 motorway and the international airport in Katowice.
With its active engagement in four CEE countries and a portfolio totalling 4.3 million square metres, Prologis is the leading provider of distribution facilities in Central and Eastern Europe (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.
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