Prologis Acquires Development Land for Two Logistics Buildings in Valencia

Madrid (28 July 2016) – Prologis Inc., the global leader in logistics real estate, today announced the acquisition of 70,000 square metres of development land in Valencia.

Prologis intends to develop two logistics buildings, each totalling more than 23,000 square metres. Construction is expected to begin in the third quarter of 2016.

The land is located in the Ribarroja del Túria POS, an ideal location for logistics activities. The two new buildings will provide excellent services, including a minimum storage height of up to 11 metres, which will provide up to 20 percent more storage space than standard logistics buildings.

In addition, the buildings will be equipped with LED lighting, saving up to 40 percent in electricity consumption, and will feature a state-of-the-art fire extinguishment system.

“Our goal is to offer our customers a high-quality, well-designed and efficient product that will stand out in every way from what is on offer elsewhere in the logistics market in Valencia,” said Cristian Oller, director of development and projects, Prologis Spain. “We are committed to putting our model of new facility development into practice in the important logistics market of Valencia.”

“We are proud to return to Valencia and to begin rolling out new projects in a market that is becoming increasingly important in the Spanish and Southern European logistics sector,” said Gustavo Cardozo, senior vice president, country manager, Prologis Spain. “Our strategy for the coming years is to grow in Valencia and consolidate our position as the logistics provider of preference in this market.”

Inmolking Real Estate advised on the transaction. The leasing of the buildings will be carried out by Inmoking Real Estate and BNP Paribas Real Estate.

ABOUT PROLOGIS

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2016, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 666 million square feet (62 million square meters) in 20 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,200 customers across two major categories: business-to-business and retail/online fulfillment.

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 we operate as well as management’s beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and 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, capital structure 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 status, tax structuring and income tax rates (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, 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 us under the heading “Risk Factors.” We undertake no duty to update any forward-looking statements appearing in this document.