Prologis Develops 32,000 Square-Metre Build-to-Suit for Geodis at Park Douvrin

Strategic building choice:

  • Compliant with the latest standards and accredited BREEAM Very Good
  • Intelligent and connected, EEGLE equipped facility
  • Extension capacity of additional 37,000 square metres
  • Second SIZIAF partnership development project
  • Access to alternative A1 motorway axis in the same park than a messenger

Paris, 14 June 2018 - Prologis Inc., global leader in logistics real estate, today announced the first stage of a build-to-suit development at Park Douvrin for Geodis, a leading international supply chain operator. This 32,000 square-metre building for Geodis is the second SIZIAF partnership project with Prologis and can be extended to a maximum of 69,000 square metres.

A strategic building with a BREEAM Very Good accreditation

This project enables Geodis to support the expansion needs of a specific client. It is intended as a last-touch unit for wider distribution and to serve as a development site for their e-commerce activity. The building at logistics Park Douvrin will carry a BREEAM Very Good accreditation and the units will be 100% LED equipped.

“We were looking for a building that could support the growing ecommerce activities of one of our clients“, says Frédéric Pasqual, Logistics General Director France, Geodis. “The geographic location, building quality, high ceilings for extra racking, 37,000 square metre extension capacity and EEGLE equipment were all very compelling factors of the Prologis offer.”

An intelligent building, connected with EEGLE

The building will feature EEGLE, a digital tool developed by Prologis. This innovative system combines BIM (Building Information Modelling) and Dynamic Thermal Simulation (DTS) to monitor the building and its operations, using  an adapted domotic system. The overall processes are brought together in a single steering tool which generates a precise 3D view of the project (inside/outside) before completion. EEGLE can coordinate and summarize the construction work in the digital model, including all the documentation and technical files related to installations and equipment. Post completion the tool helps customers optimize their building’s operations, reduce costs and minimize environmental impact. It is the first tool of its kind in the industrial real estate sector.

Second project resulting from the partnership between Prologis and SIZIAF

On March 7 2017, Prologis and SIZIAF announced their intent to develop an 18 hectare logistics park of “intelligent” class A buildings, in the heart of the Hauts de France region. Nowadays, two development projects are signed at this existing 186 hectare industrial park near the cities of Douvrin and Billy Berclau, linked by a double-track (2x2) road to Lille and Lens.

“We are proud of this project. It is our second development at Park Douvrin and it reinforces our relationship with Geodis, a key Prologis customer,” notes Cécile Tricault, Country Manager France, Prologis. “It highlights the strategic importance of Douvrin for strengthening our presence on the Lille’s logistics market.”

This new building will be delivered first quarter 2019.

In this transaction, Arthur Loyd Logistics acted as Council for both parties.

 

About de Prologis

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2018, 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 63 million square meters in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,200 customers across two major categories: business-to-business and retail/online fulfilment.

Forward-looking Statements

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 properties, disposition activity, general conditions in the geographic areas where we operate, our debt 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 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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