SAN FRANCISCO, July 7, 2016 /PRNewswire/ -- Prologis, Inc.
(NYSE: PLD), the global leader in logistics real estate, today
announced it completed 16 projects totaling more than 6.8 million
square feet of build-to-suit space during the first half of 2016.
The company also was awarded 14 build-to-suit development projects
representing more than 5.4 million square feet during the same
period.
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"Our build-to-suit activity continues to be very robust this
year," said Michael Curless, chief
investment officer, Prologis. "Last year, build-to-suit
starts represented more than 40 percent of total development starts
and we expect similar or higher levels in 2016. This is being
driven by the key locations of our land bank, development expertise
and long-term customer relationships. Already this
year, almost 75 percent of our build-to-suits are with
existing customers."
PROLOGIS' FIRST
HALF 2016 BUILD-TO-SUIT COMPLETIONS
|
Customer
|
Industry
|
Market
|
Size
(SF)
|
BMW
|
Automotive
|
Munich,
Germany
|
1,542,350
|
Pernambucanas
|
Retail
|
São Paulo,
Brazil
|
1,070,697
|
Kimberly-Clark
|
Consumer Products
Goods
|
Dallas, TX
|
874,160
|
Action
|
Retail
|
Paris,
France
|
508,067
|
AO
|
E-commerce
|
Cologne,
Germany
|
447,294
|
JM
Smuckers
|
Food/Beverage
|
San Francisco Bay
Area, CA
|
403,560
|
Globus
|
Food
Distribution
|
Prague, Czech
Republic
|
350,860
|
Conn's
|
Home/Office
Furnishings/Supplies
|
San Antonio,
TX
|
306,000
|
Menlo
|
3PL
|
Eindhoven,
Netherlands
|
303,725
|
Subaru
|
Automotive
|
Dallas, TX
|
300,360
|
Skechers
|
Textiles/Apparel/Footwear
|
Liege,
Belgium
|
284,716
|
Cedilec
|
Import/Export
Distribution
|
Le Havre,
France
|
187,938
|
Fiege
|
3PL
|
Hegyeshalom,
Hungary
|
87,963
|
Carrefour
|
Food/Beverage
|
Paris,
France
|
64,400
|
Media
Concept
|
E-commerce/Office
Supplies
|
Augsburg,
Germany
|
58,082
|
IIMAK
|
Imaging
Materials
|
Reynosa,
MX
|
37,500
|
|
|
Total
|
6,827,672
|
PROLOGIS' FIRST
HALF 2016 BUILD-TO-SUIT STARTS*
|
Customer
Profile
|
Market
|
Size
(SF)
|
National
Construction/Home Improvement/E-commerce
|
Atlanta,
GA
|
1,039,680
|
National Industrial
Equipment
|
San Antonio,
TX
|
849,262
|
National General
Retail/E-commerce
|
Memphis,
TN
|
716,080
|
National Consumer
Products Goods/E-commerce
|
Las Vegas,
NV
|
525,200
|
International
E-commerce
|
Tilburg, The
Netherlands
|
394,271
|
National General
Retail/Merchandise
|
Prague, Czech
Republic
|
360,031
|
International
Retailer/E-commerce
|
Las Vegas,
NV
|
342,243
|
National Logistics
Service Provider
|
Strykow,
Poland
|
240,132
|
International
Electronics/Appliances/E-commerce
|
Prague, Czech
Republic
|
220,542
|
International
Industrial Equipment
|
Las Vegas,
NV
|
215,260
|
National
Automotive
|
Dallas, TX
|
156,000
|
National Furniture Retailer
|
West Midlands, UK
|
151,430
|
International
Automotive
|
East Midlands,
UK
|
150,853
|
International Food
Distributor
|
Prague, Czech
Republic
|
56,177
|
|
Total
|
5,417,161
|
*Due to
confidentiality, Prologis does not disclose customer names at this
stage of development.
|
ABOUT PROLOGIS
Prologis, Inc. is the global leader in
logistics real estate with a focus on high-barrier, high-growth
markets. As of March 31, 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 667 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.
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SOURCE Prologis, Inc.