Prologis Completes $4 Billion Acquisition of Industrial Property Trust

Prologis Completes Acquisition of Industrial Property Trust

 

Le 8 janvier, Prologis annonce avoir finalisé l’acquisition des actifs immobiliers de Industrial Property Trust Inc. (« IPT ») pour un montant de 4 milliards de dollars. Le patrimoine d’IPT totalise 3,5 millions de mètres carrés pour 236 bâtiments, 96 % d'entre eux étant situés sur des marchés américains où Prologis est déjà présent.

Cette transaction renforce ainsi sa position sur les principaux marchés au sud de la Californie, autour de la baie de San Francisco, à Chicago, Atlanta, Dallas, Seattle et dans le New Jersey. Conformément aux termes de l’accord de fusion annoncé en juillet dernier, Prologis fait l’acquisition d’IPT à travers ses deux joint-ventures américaines : USLF et USLV. « L’acquisition d’IPT est une opportunité intéressante tant par la qualité de son portefeuille que par ses localisations. Ces actifs sont situés sur des marchés clés et dans la lignée de notre stratégie d’investissement », déclarait Eugene F. Reilly, Chief Investment Officer de Prologis.

« Nous sommes ravis d’ajouter le portefeuille d’IPT à notre patrimoine », déclare Eugène F.Reilly, chief investment officer, Prologis. « Ces actifs de grande qualité sont situés sur des marchés à fort potentiel d’investissement sur le long terme. Bien entendu, nous souhaitons la bienvenue aux 450 clients d’IPT dont 172 d’entre eux sont déjà des clients de Prologis. Avec cette acquisition, nous avons augmenté notre présence sur les marches clés américains, renforçant ainsi nos compétences et notre expertise pour toujours mieux servir nos clients. »

ABOUT PROLOGIS
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2019, 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 797 million square feet (74 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,100 customers principally across two major categories: business-to-business and retail/online fulfillment.

FORWARD-LOOKING STATEMENTS
The statements in this document 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 we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates," including 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, contribution and disposition activity, general conditions in the geographic areas where we operate, our debt, capital structure 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 and political climates; (ii) changes in global 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 status, tax structuring and changes in income tax laws and rates; (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, including our ability to establish new co-investment ventures; (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 us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.