Prologis Awarded Eight Recent Build-to-Suit Development Projects Totaling More Than 2.1 Million Square Feet

Nov 17, 2015, 09:00 ET from Prologis, Inc.

SAN FRANCISCO, Nov. 17, 2015 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in industrial real estate, today announced it was awarded eight build-to-suit development projects representing more than 2.1 million square feet. Development on these projects began in the period from July through October 2015. The company also completed eight additional projects totaling 3.4 million square feet of build-to-suit space during the same period.

Year-to-date, Prologis has started development on 20 build-to-suit projects totaling 7.4 million square feet representing approximately $518 million in total investment. Additionally, the company has completed another 21 build-to-suits, also totaling 7.4 million square feet and representing more than $504 million in total investment.

"We are using our global land bank to deliver modern distribution space in prime logistics markets," said Michael Curless, chief investment officer, Prologis. "Our customers are some of the most innovative and successful companies in the world, and they know that the right facility in the right location creates a competitive advantage."

Recent Build-to-Suit Starts (July – October 2015)

Customer

Industry

Market

Size (SF, 000s)

AO

E-commerce/Electronics

Cologne, Germany

447

BMW

Automotive

Bratislava, Slovakia

274

Conn's

Retail

San Antonio, TX

306

IIMAK

Printing and Imaging

Reynosa, Mexico

38

Media Concept

E-commerce/Office Supplies

Augsburg, Germany

58

Menlo Worldwide Logistics

3PL

Eindhoven, Netherlands

304

Skechers

Retail

Liege, Belgium

285

Smucker's

Food and Beverage

Central Valley, CA

404

Total

2,116

Recent Build-to-Suit Completions (July – October 2015)

Customer

Industry

Market

Size (SF, 000s)

Eddie Stobart Limited

3PL

East Midlands, UK

419

Georgia-Pacific

Lumber/Paper/Packaging

Central & Eastern PA

1496

Johnson Controls

Building Systems/Automotive

Louisville, KY

88

KRS Corporation

3PL

Sendai, Japan

284

Carrefour Group

Retail

Paris, France

532

Post Nord

3PL

Gothenburg, Sweden

282

Roadrunner Transportation System

3PL

Dallas - Fort Worth, TX

112

TNT

3PL

Madrid, Spain

143

Total

3,356

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 671 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.

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SOURCE Prologis, Inc.



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