Prologis to develop 60,000 Square Meters for XPO Logistics in the Netherlands

AMSTERDAM (12 October 2016) – Prologis, Inc., the global leader in logistics real estate, today announced a 60,000 square meter built-to-suit agreement for a logistics building for XPO Logistics at Trade Port North (TPN), Venlo, in the Netherlands.

Venlo is one of  locations in the Benelux where a strong increase of demand for high quality facilities exists. In Venlo Prologis can offer XPO Logistics Class-A distribution facilities and the current development can be scaled up to accommodate the customer’s growth.
 
“We have a strong position in Venlo, the leading logistics hub in the Netherlands, but we always look out to expand our park to offer our customers modern, high quality distribution space. XPO Logistics is a long-term and global customer with growth ambitions. We are looking forward to facilitating this growth”, said Bram Verhoeven, country manager, Prologis Benelux.
 
“The availability of modern distribution space is scarce, not only in The Netherlands in general but in Venlo in particular as well. With Prologis as one of our preferred logistics real estate partners, we are able to keep expanding our current activities for our clients at a location which is high in demand due to its smart infrastructure, accessibility and availability of land”, said Mauro Ungheretti, managing director Netherlands-Belgium-Germany of XPO Logistics.
 
Bob Vostermans, alderman of the municipality of Horst aan de Maas: “Our region invested in a logistics hub position many years ago  and Prologis has been a long lasting strategic partner. We are therefore very pleased to have signed this agreement with Prologis and XPO Logistics. It shows the long term view of our partners which perfectly fit our ambition to remain and to expand our hub position in The Netherlands.” Richard Elich, Commercial Director Development Company Greenport Venlo, adds: “We see this agreement as a confirmation of our long term strategy to attract business for the Venlo region.”
 
The facility, DC 7, is located at Green Port Lane and is targeted for completion mid-2017. Features include LED lighting and a BREAAM certificate of “very good”. Prologis currently owns 6 distribution facilities in Venlo. The development of DC7 will increase the size of Prologis’ Venlo portfolio at Prologis Park Venlo from 180,000 to totaling 250,000 square meters.
advised by Jones Lang LaSalle, DTZ, CBRE and Loyens & Loeff.
 
Prologis is one of the leading providers of logistics real estate in the Benelux, with approximately 1.9 million square meters of logistics and distribution space as of June 30, 2016.
 
ABOUT PROLOGIS
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 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 666 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.
 
 
MEDIA CONTACTS
Juriaan Vergouw
Porter Novelli
+31 6 54 92 10 29
 
Isabel Kluth
Senior Manager Marketing & Communications Northern Europe Prologis
+49 211 54 23 10 38
 
 
 
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