SAN FRANCISCO (September 13, 2023)- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced that Claire Cormier Thielke has joined the company as chief investment officer for Asia, focusing on the growth of Prologis in the China and India markets.
Thielke, who started the new role on September 1, will oversee strategy and execution of deployment in Asia (excluding Japan), including M&A activities and the securing of domestic and cross-border capital for operations across the region. She will report to Karsten Kallevig, managing director of Global Strategic Capital at Prologis. The company’s Strategic Capital business includes co-investment ventures in the U.S., Latin America, Europe and Asia and looks to further expand by leveraging the company’s global scale and strong private investment relationship.
“We are delighted to have Claire join the company. Her incredible background in M&A, private capital markets and operations will be valuable for our business growth in Asia,” said Kallevig. “As we see great potential of this vibrant regional market with high consumption capacity, we will continue to extend our footprint through strategic capital vehicles.”
Thielke has a distinguished background as a global investment manager, with significant experience in Asia. Most recently, she served as country head of Greater China for Hines, a privately owned global real estate investment firm, responsible for acquisitions, development and new business generation in China and the Asia Pacific Region. Prior to that, she was the Chief Operating Officer for Hines Investment Management.
“I was familiar with Prologis’ scale and reputation as the global leader in logistics real estate and impressed with their track record in strategic investment partnerships,” said Thielke. “I look forward to collaborating with teams in Asia to further drive our growth and create value for investors.”
Thielke is also a Young Global Leader delegate to the World Economic Forum, an independent director of Zillow, a leading real estate website in the U.S., and an instructor at Stanford University- her alma mater. She earned her B.S. in Urban Planning and M.A. in Civil Engineering, Construction and Engineering Management from Stanford University. A talented athlete, she joined the USA Track and Field pro circuit after graduation.
ABOUT PROLOGIS
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At June 30, 2023, 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 1.2 billion square feet (114 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulfillment.
FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects" "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, contribution and disposition activity, general conditions in the geographic areas where we operate, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; (x) risks related to global pandemics; and (xi) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.
CONTACTS
Investors: Jill Sawyer, +1 (415) 733-9526, [email protected], San Francisco
Media: Jennifer Nelson, +1 (415) 733-9409, [email protected], San Francisco