X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PIOTRKOW, POLAND-ProLogis has signed a build-to-suit agreement with Unilever for a 442,000-sf centralized distribution center in ProLogis Park Piotrkow, a fledgling industrial project located 130 kilometers south of Warsaw in the heart of Poland.

Denver-based ProLogis is the world’s largest industrial REIT. Unilever, one of the world’s largest consumer products companies, will distribute a variety of its culinary, beverage and personal care products from the facility.

The transaction is the first international agreement between Unilever and ProLogis, building on a relationship that is well underway in the U.S. Unilever currently leases more than 5.3 million sf of logistics space in ProLogis parks based in Georgia, Pennsylvania, Texas, Illinois and California. The value of the Poland transaction was not released by the parties involved and not otherwise immediately available.

Park Piotrkow, located at a crossroads leading to several major industrial cities, currently consists of one 242,188- sf building. Unilever’s 442,149-sf facility will be constructed in two phases. The first phase of 226,871 sf is expected to be complete in December and the second phase of 215,278 sf will be fully operational next April. ProLogis.

As it has already done in the U.S., Unilever is consolidating its logistics capabilities in Poland to meet more stringent demands from its customers for timely, efficient distribution. “Unilever needed a way to centralize Central European operations and, in turn, improve and consolidate its logistics operations to realize increased efficiency and savings in facility costs,” says Martin Whitcombe, logistics manager for Unilever Polska S.A.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.