BRATISLAVA (19 December 2016) — Tesco Stores Slovakia and Prologis, Inc. announced an agreement to open a 55,000 square metre purpose-built distribution centre at Prologis Park Galanta-Gáň in Slovakia.
The new centre will become Tesco’s distribution hub for dry grocery products to stores in Slovakia, the Czech Republic, Hungary and Poland.
Alongside the new distribution centre, Tesco and Prologis have extended their lease agreement for an existing 91,500 square metres of distribution space at Prologis Park Galanta-Gáň.
Commenting on the new distribution hub, Martin Kuruc, Retail Director of Tesco Stores Slovakia, said:
“The new distribution centre will help us serve customers better in our stores in the Czech Republic, Hungary and Poland as well as Slovakia, and will be at the heart of our Central European distribution network. I’m delighted that this new hub will be here in Slovakia. Our decision to extend our operations at Prologis Park Galanta-Gáň was largely due to its ideal location for serving customers across Central Europe.”
“Located just east of Bratislava, Prologis Park Galanta-Gáň is playing an increasingly important role in our Slovak and CEE portfolio,” said Martin Polak, senior vice president, regional head, Prologis Central and Eastern Europe. “More and more global retailers are looking at Slovakia as a hub for their regional logistics operations due to its central location and favourable market conditions, and it is our priority to make sure our customers can use this to their business advantage by providing them with Class-A distribution space.”
ABOUT PROLOGIS PARK GALANTA-GAN
Prologis Park Galanta-Gáň is situated just off the E571 road and currently consists of three build-to-suit facilities totalling 185,000 square metres of state-of-the-art distribution space. The park’s direct access to the D1 highway offers customers easy access to Hungary and the Czech Republic. When fully developed, the park will comprise five buildings totalling almost 250,000 square metres. Prologis is the leading provider of distribution facilities in Slovakia, with more than 545,000 square metres of logistics and industrial space (as of September 30, 2016).
ABOUT PROLOGIS
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.
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 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.
MEDIA CONTACTS
Marta Tęsiorowska
Vice President Marketing & Communications
Prologis Central & Eastern Europe
Direct: +48 22 218 36 56
Email: [email protected]&
Marta Zagożdżon
PR Director, ConTrust Communication
Direct: + 48 605 073 929
E-mail: [email protected]