SAN FRANCISCO, Jan. 6, 2017 /PRNewswire/ -- Prologis, Inc.
(NYSE: PLD), the global leader in logistics real estate, today
announced it completed 18 projects totaling more than 5.5 million
square feet of build-to-suit space during the second half of 2016.
The company also was awarded 21 build-to-suit development projects
representing more than 6.5 million square feet during the same
period.
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For the full year 2016, the company completed 34 build-to-suit
projects totaling more than 12.3 million square feet.
"We experienced robust build-to-suit activity this year," said
Michael Curless, chief investment
officer, Prologis. "The square footage of our 2016 build-to-suit
starts increased more than 15 percent over 2015. This was driven by
the key locations of our land bank and our development expertise
and long-term customer relationships. This year, nearly 75 percent
of our build-to-suit wins were with existing
customers."
Prologis' Q3 2016 and Q4 2016 Build-to-Suit
Completions
|
Customer
|
Industry
|
Market
|
Size
(SF)
|
1
|
Amazon
|
International
E-commerce
|
Columbus,
OH
|
855,000
|
2
|
Suzuken
|
Medical
Device
|
Osaka,
Japan
|
672,402
|
3
|
Fedway
|
Import/Export
Distribution
|
No. New Jersey/New
York
|
538,840
|
4
|
Coolblue
|
E-commerce
|
Tilburg,
Netherlands
|
394,271
|
5
|
XPO
Logistics
|
Logistics
|
Amsterdam,
Netherlands
|
378,620
|
6
|
Suzuken
|
Medical
Device
|
Tokyo,
Japan
|
367,675
|
7
|
Sportissimo
|
Apparel
|
Prague, Czech
Republic
|
360,031
|
8
|
Siemens
|
Manufacturer
|
Orlando,
FL
|
296,100
|
9
|
BMW
|
Automotive
|
Bratislava,
Slovakia
|
274,135
|
10
|
Bertelsmann
Media
|
Media
|
Strykow,
Poland
|
240,132
|
11
|
Internet
Mall
|
E-commerce
|
Prague, Czech
Republic
|
220,542
|
12
|
JLG
|
Manufacturer
|
Las Vegas,
NV
|
215,260
|
13
|
Trane
|
Manufacturer
|
Dallas,
TX
|
177,790
|
14
|
Premium
Waters
|
Food/Beverage
|
Las Vegas,
NV
|
163,790
|
15
|
Genuine
Parts
|
Automotive
|
Dallas, TX
|
156,000
|
16
|
BMW
|
Automotive
|
East Midlands,
UK
|
151,740
|
17
|
Nagel
Group
|
Supply Chain
Management
|
Prague, Czech
Republic
|
56,177
|
18
|
Sangamo
|
BioScience
|
San Francisco Bay
Area, CA
|
41,366
|
|
|
|
Total
|
5,559,871
|
Prologis' Q3 2016 and Q4 2016 Build-to-Suit
Starts*
|
Customer
Profile
|
Market
|
Size
(SF)
|
1
|
International
Furniture Manufacturer
|
Central Valley,
CA
|
664,000
|
2
|
International
Beverage Distributor
|
Monterrey,
Mexico
|
662,500
|
3
|
International
Logistics
|
Venlo,
Netherlands
|
658,396
|
4
|
International
Retailer/Merchandise
|
Bratislava,
Slovakia
|
602,478
|
5
|
International
Retailer
|
Inland Empire,
CA
|
542,977
|
6
|
National Furniture
Manufacturer
|
Piotrkow,
Poland
|
453,936
|
7
|
International
Retailer
|
East Midlands,
UK
|
416,413
|
8
|
International
Logistics Service Provider
|
Tokyo,
Japan
|
314,268
|
9
|
International
Automotive
|
Guadalajara,
Mexico
|
269,171
|
10
|
International
Retailer
|
Paris,
France
|
259,970
|
11
|
International
Logistics Service Provider
|
Nieuwegein,
Netherlands
|
256,698
|
12
|
International
Logistics Service Provider
|
Miami, FL
|
200,000
|
13
|
International
Media
|
Strykow,
Poland
|
194,859
|
14
|
International
Packaging
|
Bremen,
Germany
|
187,173
|
15
|
International
Logistics Service Provider
|
Budapest,
Hungary
|
150,296
|
16
|
International
Logistics Service Provider
|
Bologna,
Italy
|
147,390
|
17
|
International
Logistics Service Provider
|
Dallas, TX
|
144,465
|
18
|
National Logistics
Service Provider
|
Strykow,
Poland
|
126,368
|
19
|
International Food
Logistics
|
Rhine Ruhr,
Germany
|
100,438
|
20
|
International
Logistics Service Provider
|
Budapest,
Hungary
|
75,433
|
21
|
International
Logistics Service Provider
|
Nove Mesto,
Slovakia
|
40,418
|
|
|
Total
|
6,467,647
|
*Due to confidentiality, Prologis often 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 September 30, 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 665 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.