Prologis Signs 280,000 Square Foot Build-to-Suit Agreement in Sweden

News provided by

Nov 12, 2014, 09:00 ET

SAN FRANCISCO, Nov. 12, 2014 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in industrial real estate, today announced it has signed a 280,000 square foot (26,000 square meter) build-to-suit agreement with Strålfors, one of Sweden's leading logistics companies.

"Strålfors will operate this space for CDON Group, a major e-commerce enterprise," said Stefan Lager, head of the Strålfors fulfilment division. "Prologis' state-of-the-art distribution center will support efficient distribution throughout the Nordic region and allow CDON to streamline operating costs."

Prologis Park Ljungby DC 1 is adjacent to the E4 motorway in the south of Sweden and offers direct connection into Denmark and Sweden's major metropolitan areas.

"E-commerce in Sweden is at an earlier development stage relative to other countries in Europe," said Allan Lavén, first vice president, Prologis Nordic. "We are pleased to provide Strålfors with a high-quality facility that will support the expansion of this important sector in the region."

Prologis is a leading provider of logistics facilities in Sweden with approximately 3.8 million square feet (354,000 square meters) of logistics and distribution space as of Sept. 30, 2014, all of which is 100-percent leased.

ABOUT PROLOGIS

Prologis, Inc., is the global leader in industrial real estate. As of September 30, 2014, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 585 million square feet (54 million square meters) in 21 countries. The company leases modern distribution facilities to more than 4,700 customers, including manufacturers, retailers, transportation companies, and third-party logistics providers.

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.

SOURCE Prologis, Inc.