IBP Conex and ProLogis strenghten relationship

ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today an extension of its agreement with the IBP Conex. This European leader in the manufacture of connectors for gas, sanitary and heating systems leases 14,000 square metres of warehouse space at ProLogis Park Poznań II.

ProLogis and IBP Conex signed their first lease agreement in 2005. The firm’s warehouse was located at ProLogis Park Poznań II.

“Building a logistics network is based on precise planning of all its elements – said James Williams, Commodity Manager – Indirect & NPI at IBP Conex Ltd. “Warehouses are an important part of this process and for this reason we looked for a trustworthy partner offering high quality storage space and professional services. We chose ProLogis, and the extension of our lease agreement demonstrates that our relationship has been very fruitful.”

“Building successful, permanent relationships with our customers is an important element of our business strategy” – said Maciej Madejak, First ProLogis Vice President in Poland. “We work with many well-known brands, many that are market leaders in their sectors. And, by responding quickly and professionally to our customers’ individual needs we continue to provide value as they grow and re-evaluate their distribution networks. To ProLogis, every extended lease agreement means that a customer has developed a trusted relationship with us and that we have satisfied its business needs.”

Tom Listowski, Associate Director and head of the industrial department at CB Richard Ellis Polska brokered this transaction.

ProLogis Park Poznań II is a strategically located distribution centre comprising seven buildings and a total of 120,000 square metres of modern warehouse and office space. The park is situated approximately 15 kilometres west of Poznań city centre. Its strategic location, next to international route E30, allows quick access not only to the Poznań region, but also to the whole of Poland and Western Europe.

Customers at ProLogis Park Poznan II include: DHL, DSV, Flexlink, Fresenius, ITM Baza Poznańska, JAS FBG, Lekkerland, Lidl, Philip Morris, Rohlig Suus Logistics, Solid Logistics, Sopro, Torfarm, Univeg and Wincanton.

With a portfolio of 3.7 million square metres of space (105 buildings in 25 distribution parks), ProLogis is the leading warehouse space provider in Poland.