Milan (December 2, 2019)
Prologis, Inc., the global leader in logistics real estate, today announced that it has begun construction on a build-to-suit facility for Autostrasporti Vercesi, a leading Italian logistics operator in the pharmaceutical, diagnostics and biomedical sector.
Completion on the 29,000 square metre state-of-the-art facility at Pozzuolo Martesana is scheduled for the first quarter of 2020.
The customer’s future logistics hub—Green Thermo Park Vercesi—will feature three distinct storage areas, including a temperature-controlled unit. The building will meet all necessary regulations pertaining to the storage of potentially hazardous materials (ADR).
Designed in full compliance of the strict standards of the Italian Drug Agency (AIFA), the building will include a number of sustainable features, including solar panels, energy-saving LED lighting and smart mobile energy and maintenance control. Further, the building will be LEED Gold certified.
"We are particularly pleased to develop this BTS logistics platform for our new customer, Autostraporti Vercesi," said Sandro Innocenti, senior vice president, country manager, Prologis Italy. "As an extension of our second development in Pozzuolo Martesana, this further strengthens our position in Milan’s key logistics market.”
Prologis was advised by DLA Piper.
Prologis owns and manages approximately 1 million square meters of distribution space in Italy as of September 30, 2019.
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, 2019, 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 797 million square feet (74 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,100 customers principally 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," and "estimates," including 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, contribution and 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 and political climates; (ii) changes in global 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 changes in income tax laws and 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; (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 except as may be required by law.
MEDIA CONTACTS
Prologis
Nathalie Triolet, Tel: +33 1 48 14 54 01, Email: [email protected]
TT&A Advisors
Patrick Trancu, Tel: +39 335 230789, Email: [email protected]