BARCELONA – October, 24 2016 - Prologis, Inc., the global leader in logistics real estate, today announced it has signed lease agreements for: 20,500 square metre logistics space with GrupoUno CTC in Prologis Park Sant Boi, 8,550 square metres with Naeko Logístics in Prologis Park Subirats and 5,550 square metres with Julià Grup in Prologis Park Fogars. With these operations, the company achieved an occupancy rate of 97.5% in Catalonia and 95% in Spain.
GrupoUno CTC, leader in outsourcing, has chosen Prologis Park Sant Boi for its proximity to the port of Barcelona, with direct access to the C-32 motorway and the immediate availability of a class A building which perfectly suits to the operation of his customer, a company dedicated to FMCG sporting goods. Polígons was responsible for advising on this transaction.
Naeko Logistics, specialized in logistics services, has chosen Prologis Park Subirats for its excellent access from the AP-7 motorway connecting the park to the French border, Barcelona and the rest of Spain through the AP-2 motorway.
Julià Grup, a leader in furniture manufacturing is expanding its presence in Prologis Park Fogars bringing his surface to 11,700 square meters. Polígons was responsible for advising on this transaction. Estrada & Partners was responsible for advising on this transaction.
“We are glad to have customer numbers expanding in our buildings, demonstrating the great location and high quality of our buildings,” stated Gustavo Cardozo, country manager, Prologis Iberia. “We work hard to satisfy all our customers’ needs”.
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.
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.