Prologis Acquires One Million Square Feet In Europe

San Francisco, CA /PRNewswire/ - Prologis, Inc. (NYSE: PLD), the global leader in industrial real estate, today announced that Prologis European Properties Fund II ("PEPF II") has acquired two logistics facilities in Poland and Hungary.

The properties total more than one million square feet (94,200 square metres) and are 100 percent leased. They include:

• A 610,000 square foot (56,700 square meter) building in Gliwice, Poland. The facility is occupied by Tesco, a multinational grocery retailer and repeat customer. The property has immediate access to two trans-European road networks, enabling efficient transportation of goods; and
• A 404,000 square foot (37,500 square meter) building in Budapest, Hungary, occupied by Auchan, a global retailer and repeat customer. The facility is located near the city's international airport, approximately 20 miles from Budapest city center.

"These properties are excellent additions to our portfolios in Poland and Hungary," said Ben Bannatyne, managing director, Prologis Central & Eastern Europe. "Both are in key locations along major commercial routes that are growing in importance due to an increase in intra-regional trade in Central and Eastern Europe."

Prologis owns and manages approximately 152 million square feet (14.1 million square meters) of logistics and distribution space in Europe as of March 31, 2014.

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 March 31, 2014, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 574 million square feet (53.3 million square meters) in 21 countries. The company leases modern distribution facilities to more than 4,700 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.

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