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.

SOURCE Prologis, Inc.

Media contact & resources

Jennifer Nelson

VP, Head of Global Corporate Communications
+1 (415) 733 9409
[email protected]
San Francisco, California USA

Corporate Profile

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