ProLogis develops two new facilities in CE

WARSAW – 8 April 2010 – ProLogis (NYSE: PLD), a leading global provider of distribution facilities announced today the start of development on two new build-to-suit industrial projects, totaling 41,000 square metres of modern warehouse space in Central and Eastern Europe.

The build-to-suit projects include:

• 20,000 square metres at ProLogis Park Wrocław V, a new distribution centre strategically located adjacent to Wrocław’s future ring road, three kilometres southwest of the Wrocław Bielany junction, between the A4 expressway that goes from Berlin to Ukraine and route E261. ProLogis will utilize 70 hectares of land it owns for this and future developments, enabling up to 290,000 square metres of development.

With this development, ProLogis broke ground on its fifth distribution park in the Wrocław region. With a portfolio of four distribution parks (16 buildings) totalling 371,000 square metres the company is the largest provider of industrial facilities in the Wrocław region.

• 22,350 square metres at ProLogis Park Prague-Jirny located 20 kilometres east of Prague, on the first junction of the D11 motorway.

Both facilities are expected to be completed in the fourth quarter of 2011.

In addition, ProLogis announced it sold 15 hectares of surplus land in Jirny. The company still has 38 hectares of land for the future construction of Phase III and Phase IV of the park. The current 22,350-square-metre development marks the first building in Phase III at the park.

“ProLogis’ absolute advantage, apart from having distribution facilities available for immediate lease and use, is an extensive land bank of strategically located sites across the CEE region, which gives us the opportunity to meet our customers’ needs for new distribution space,” said Ben Bannatyne, ProLogis managing director for Central & Eastern Europe. “We are happy to have commenced these projects and hope to have additional facilities under construction throughout 2011. In addition, one of our key objectives is to monetize surplus land; the recent land sale in the Czech Republic is the first example of this in our region in 2011.”

ProLogis is the leading provider of distribution facilities in Central and Eastern Europe, offering more than 3.7 million square metres of modern warehouse space located in 184 buildings. Its operations in five regional markets – Czech Republic, Poland, Romania, Slovakia and Hungary – are coordinated from the company’s head office in Warsaw.

ProLogis’ key clients, among others, in the region include Antalis, Carrefour, CEVA, DHL, Geodis, Emperia Holding, Euro-net, FagorMastercook, Fiege, Iron Mountain, L’Oreal, NYK, Procter & Gamble, Raben, Rhenus Contract Logistics, Samsung, Schenker, Tesco, Viva Magnetics and Wincanton.