ProLogis, the world’s largest owner, manager, and developer of distribution facilities, has summarized 10 years of operations in Central and Eastern Europe.
The company celebrated this milestone during a press conference held on September 13th at the Warsaw University Library. Gary Anderson, President and Chief Operating Officer of ProLogis Europe, emphasized that since ProLogis entered the Polish market in 1997, the company’s warehouse portfolio in the region (across five countries) has grown to approximately 2.6 million square meters, and the total value of investments to date is estimated at over 1.6 billion dollars.
– The Central and Eastern European region is one of the most important distribution markets in the world. – said Anderson. – For 10 years, ProLogis has been observing the dynamic development of the region and sees potential and further investment opportunities in it. We are very proud of our company’s achievements and look forward to another 10 years of success.
The company’s most significant achievements include: expanding operations in Poland, the Czech Republic, Hungary, Romania, and Slovakia, and achieving a leading position in the market for modern warehouse space developers in the Central and Eastern European region; creating a network of logistics centers with a total area of over 2.6 million square meters (135 warehouse buildings completed or under construction); the acquisition of Parkridge CE Development in 2007 (142 hectares of investment land and 0.52 million square meters of completed warehouse space in the region); and winning numerous industry awards, such as: “CEE Best Warehouse Developer of the Year 2006” (CEE Property & Investment Fair/ International Herald Tribune); “CEE Industrial & Logistics Development of the Year” (CEE Real Estate Quality Awards); “Best Warehouse and Logistics Development in Poland 2006” (Construction Investment Journal).
Michael de Jong Douglas, Senior Vice President of ProLogis for Central and Eastern Europe, said that the company owes its success to the dedication and commitment of its employees.
– The competence and experience of our specialists form the foundation of the company’s achievements in the region. – said de Jong-Douglas. – The strategic locations of our parks, the highest technological standards of our buildings, and an excellent understanding of our clients’ needs have allowed us to achieve a leading position in this part of Europe.
– The competence and experience of our specialists form the foundation of the company’s achievements in the region. – said de Jong-Douglas. – The strategic locations of our parks, the highest technological standards of our buildings, and an excellent understanding of our clients’ needs have allowed us to achieve a leading position in this part of Europe.
ProLogis is the largest developer of warehouse space in Central and Eastern Europe and offers its clients approximately 2.6 million square meters of warehouse space completed or under construction (as of June 30, 2007). The company’s clients include, among others: Deutsche Post Group, Geodis, Kuehne+Nagel, NYK Group, Tesco, and Unilever.