Prologis Announces Two BTS Projects Underway In CEE

Prologis, Inc, a leading global owner, operator and developer of industrial real estate, announced today that it is expanding two build-to-suit projects in the Czech Republic and Slovakia.

The projects include:

·         17,980 square metresof additional space for an existing client at Prologis Park Galanta-Gan (DC4), located 60 kilometres from Bratislava close to the D1 (E58) highway.  After the expansion the DC4 facility will total 93,590 square metres of modern warehouse space and will be one of the largest distribution buildings in Slovakia.

·         6,800 square metresof additional space for a currently developed 22,350-square metre build-to-suit facility at Prologis Park Prague-Jirny, located 20 kilometres east of Prague, directly on the D11 motorway, for Globus, one of the largest hypermarket operators in the Czech Republic. Globus has decided to increase its facility to 29,150 square metres.  The customer plans to use the warehouse as its Czech hub for temperature controlled logistics. 

Construction of the build-to-suit facilities began in the second quarter and is expected to be completed in the fourth quarter of 2011.

“We are happy to provide additional space, to our loyal, long-time customers,” said Martin Polak, market officer in the Czech Republic and Slovakia. “Prologis is pleased to be one of the only developers in the CEE which not only has modern warehouse facilities available for immediate lease, but also an extensive land bank we make available to our customers so they can design their own facility in strategic locations throughout the region.” Prologis’ portfolio in the Czech Republic and Slovakia comprises nine distribution parks (43 buildings) totalling more than 990,000 square metres of industrial space.   Currently Prologis has three facilities totalling more than 66,000 square metres under construction in the region. With a portfolio totalling 3.7 million square metres located at 41 distribution parks Prologis is the leading provider of industrial real estate in Central and Eastern Europe.