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Prologis Signs Build-to-Suit Agreement with Prime Cargo

Prologis Signs Build-to-Suit Agreement with Prime Cargo

Prologis, Inc., the leading global owner, operator and developer of industrial real estate, announced today that it has signed an agreement for a 11,200 square metre build-to-suit facility at Prologis Park Szczecin with Prime Cargo, a Danish third-party logistics company.

The property will serve as a distribution centre for Prime Cargo’s customers in Scandinavia. Prologis Park Szczecin provides direct access to road and ferry routes, enabling quick delivery of goods. Completion of the building – developed on Prologis’ existing land bank – is scheduled in the third quarter of 2014.

“Prologis Park Szczecin is an ideal place for companies operating in Germany or Scandinavia,” said Ben Bannatyne, managing director and regional head, Prologis Central & Eastern Europe. “Proximity to key transportation routes makes the park an important and strategic location for the 3PL distribution market.”

Prologis Park Szczecin is a fully-leased, modern distribution centre in northwest Poland totalling 41,800 square metres. It is located within the Goleniów Industrial Park off the S3 motorway, about 40 kilometres east of the German border and seven kilometres from Szczecin-Goleniow Airport. Other Prologis customers at the park include: Swedwood, Rhenus Logistics, KIM HURT, and DB Schenker.

With its active engagement in five countries across the region (Poland, Czech Republic, Hungary, Slovakia, and 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).

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.


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