ProLogis Leases 237,000 Square Feet in Poland
WARSAW, Poland, Jan. 12 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today that it has signed new lease agreements for approximately 237,000 square feet (22,000 square meters) of warehouse space at two ProLogis parks located near Wroclaw, Poland, the fourth largest city in the country.
Sonoco Poland-Packaging Services, a leading supplier of industrial and consumer packaging products and services, has leased 118,000 square feet (11,000 square meters) of space at ProLogis Park Wroclaw III. The modern distribution park is located 7 kilometers southeast of the city center, near the Wroclaw-Strachowice international airport.
Polish footwear manufacturer and retailer NG2 S.A. has leased 117,000 square feet (10,850 square meters) of space at Park Wroclaw IV, which it plans to use for regional distribution purposes. The state-of-the-art park is located 35 kilometers southeast of downtown Wroclaw along the A4 motorway, which connects Berlin to Wroclaw and continues east towards the Ukraine.
"Our unwavering focus on providing modern, well-located facilities and cultivating strong, lasting relationships with our customers continues to produce bottom-line results, as reflected in today's announcement," said Ben Bannatyne, regional director for ProLogis in Central and Eastern Europe. "Both Sonoco Poland and NG2 S.A. are market-leading companies, and we are very pleased to fulfill their distribution center requirements in the Wroclaw area."
"We selected ProLogis Park Wroclaw III for its strategic location and modern building design," said Gerson Heiderich, division vice president of operations at Sonoco Poland-Packaging Services. "Our new facility meets our high expectations and will support the continued growth of our operations in Poland."
"Our company runs an extensive network of retail outlets throughout Poland," said Dariusz Milek, president of the board for NG2 S.A. "We have developed an effective and fast methodology for goods distribution, with high-quality, well-located facilities serving as the cornerstone to successful implementation. ProLogis Park Wroclaw IV is ideal for our needs, and ProLogis is a trusted solutions provider."
ProLogis' portfolio in the Wroclaw region consists of four distribution parks comprising 14 warehouse buildings with more than four million square feet (374,000 square meters) of space. In addition to Sonoco Poland and NG2 S.A., current customers include Curylo Asterix, Gefco, Emperia Holding, Intercars, Jees Polska, NYK Logistics, Pol Mat and Selena.
About Sonoco Poland-Packaging Services
Sonoco -- headquartered in Hartsville, South Carolina -- has been in operation since 1899 and is a global manufacturer of industrial and consumer products and provider of packaging services for various global brands. Sonoco has more than 300 offices in 35 countries, from which it serves nearly 85 markets. For more information about the company go to www.sonoco.com
The NG2 Group comprises NG2 S.A. -- the company managing the retail chain, CCC Factory Sp. z o.o. manufacturing footwear and CCC Boty Czech s.r.o. -- a subsidiary responsible for chain organization and sale of products in the Czech Republic. The NG2 Group leads the Polish market of footwear retailers and is one of the biggest footwear manufacturers in Poland. The Group's head office and its production plant are located in the Legnica Special Economic Zone in Polkowice, Poland. For more information go to http://www.ng2.compl/en/
ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 136 markets across North America, Europe and Asia. The company has $40.8 billion of assets owned, managed and under development, comprising 548 million square feet (51 million square meters) in 2,898 facilities as of September 30, 2008. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com.
Released January 12, 2009