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Prologis Named “Industrial Developer of the Year 2013”
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The awards were presented at the CEEQA Gala held in Warsaw, Poland on 8 April.
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The CEE Real Estate Quality Awards are organised each year to recognise business excellence in commercial real estate investment across 18 countries and to showcase the sector’s achievements to the international business arena. All aspects of the judging of the awards are supervised and audited by consulting firm Deloitte.
This year, eight major industrial developers from Central and Eastern Europe were nominated for the “Industrial Developer of the Year” award. Ben Bannatyne, managing director, Prologis, Central & Eastern Europe, accepted the award on behalf of the company.
“The CEEQA recognizes a wide range of real estate achievement across Central & Eastern Europe, of which industrial is just one part,” explained Bannatyne. “To reach this level of visibility is truly an honor and a testament to all the hard work our team has done in less than ideal economic conditions. They are to be congratulated for this remarkable success.”
The 11th CEEQA Gala attracted more than 600 real estate professionals from more than 40 countries. Recognitions were awarded in 26 categories and lists of the nominees were announced at the MIPIM real estate show in Cannes in mid-March.
With its active engagement in five countries across the region (Poland, Czech Republic, Hungary, Slovakia, Romania) and a portfolio totalling more than 3.6 million square metres, Prologis is the primary operator of distribution facilities in Central & Eastern Europe (as of 31 December 2013).
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About Prologis
Prologis, Inc., is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. As of December 31, 2013, Prologis owned or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 52.9 million square metres in 21 countries. These properties are leased to more than 4,500 customers, including third-party logistics providers, transportation companies, retailers, manufacturers, and other enterprises.
The statements in this release 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 developed properties, disposition activity, general conditions in the geographic areas where we operate, synergies to be realized from our recent merger transaction, our debt and financial position, our ability to form new property funds and the availability of capital in existing or new property funds — 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 release.
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