Prologis Announces Plans for Three Speculative Developments in Italy
Prologis, Inc., the global leader in logistics real estate, today announced it plans to speculatively develop three buildings to meet increased market demand for modern, efficient and technologically advanced facilities in Italy.
Development will begin by the end of this year on a 20,000 square meter logistics facility at Prologis Park Bologna Interporto. Prologis is currently the largest operator at Bologna Interporto, owning and managing more than 45 percent of the total logistics area available, spanning 17 fully occupied buildings.
Construction of a second 20,000 square meter speculative Class-A building is currently underway near the city of Pavia.
Both of the above-mentioned buildings are scheduled for delivery in the third quarter of 2019.
Further, in early 2019, Prologis plans to start development of a further 60,000 square meters of Class-A logistics space around the cities of Milan and Piacenza. All development facilities will hold either BREEAM® “Very Good” accreditation or LEED® Silver certification. Buildings will also feature Prologis’ EEGLE technology, a digital innovation which allows customers to optimize the technical management of their facility, reduce operating costs and minimize environmental impact. It is the first tool of its kind in the logistics real estate sector and enables remote building management. The interface connects to the building by sensors, allowing users to monitor energy consumption, manage maintenance deadlines and detect operational malfunction.
“Continued high demand and near 100-percent occupancy has strengthened our decision to start speculative developments in strategic markets in Italy,” explains Sandro Innocenti, senior vice president, country manager, Prologis Italy.
Prologis owns and manages approximately 1 million square meters of distribution space in Italy as of September 30, 2018.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 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 771 million square feet (72 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,500 customers across two major categories: business-to-business and retail/online fulfillment.
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Nathalie Triolet, Tel: +33 1 48 14 54 01, Email: [email protected]
Patrick Trancu, Tel: +39 335 230789, Email: [email protected]