Real Estate Central

BRATISLAVA, Slovakia, June 24 /PRNewswire-FirstCall/ — ProLogis (NYSE:
PLD), the world’s largest owner, manager and developer of distribution
facilities, announced today that it has leased 211,000 square feet (19,600
square meters) of warehouse space in Slovakia to NAY Elektrodom, one of the
leading electronics distributors and wholesalers in the country.

NAY Elektrodom will occupy a new facility under construction at
ProLogis Park Bratislava, a major distribution park being developed 24
kilometers northeast of Bratislava. The company plans to use the facility
as a regional distribution center, serving its 22 superstores in 20 cities
throughout Slovakia.

“The economy in Slovakia is rapidly on the rise, resulting in steady
demand for modern warehouse space,” said Michael de Jong-Douglas, managing
director for ProLogis in central and eastern Europe. “ProLogis Park
Bratislava is strategically located near the capital and the
Austria-Hungary border, providing for convenient local and cross-border
distribution. We are seeing strong activity at all of our parks in
Slovakia, and anticipate interest from the region’s suppliers, retailers
and third-party logistics providers will continue to expand as trade, job
and consumer spending increases.”

“Since its founding 17 years ago, NAY has established itself as a
well-known brand, recognized as having the largest network of retail
electronics stores in Slovakia,” said Peter Zalesak, chairman of the board
for NAY Elektrodom. “Our operations require high-quality, modern facilities
that are optimally situated close to key business markets. ProLogis offers
this and more, providing flexibility through collaboration and
cooperation.”

Located in the Senec municipality, ProLogis Park Bratislava contains
six distribution centers totaling 1.93 million square feet (180,000 square
meters). At full build-out the park, which provides direct access to the
E75/D1, a major north-south highway linking Bratislava to the border of
Poland, will comprise eight buildings totaling 2.69 million square feet
(250,000 square meters) of high-quality distribution space. Other ProLogis
customers at the park include Brilux, Carcoustics, DHL, Gebruder Weiss,
Hopi, Lekkerland, Spandex, Tesco, Wincanton and Weindel.

ProLogis owns and manages three parks in Slovakia comprising 3.89
million square feet (362,000 square meters), as of March 31, 2008.

About ProLogis

ProLogis is the world’s largest owner, manager and developer of
distribution facilities, with operations in 121 markets across North
America, Europe and Asia. The company has $38.8 billion of assets owned,
managed and under development, comprising 526.3 million square feet (48.9
million square meters) in 2,817 properties as of March 31, 2008. ProLogis’
customers include manufacturers, retailers, transportation companies,
third-party logistics providers and other enterprises with large-scale
distribution needs. Headquartered in Denver, Colorado, ProLogis employs
over 1,500 people worldwide. For additional information about the company,
go to http://www.prologis.com.

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[Via Real Estate Newswire]