ProLogis summarizes first quarter 2010 in the czech republic

ProLogis (NYSE: PLD), a global leading provider of distribution facilities, summarised its first quarter of 2010. Between 1 January and 31 March 2010, the company completed lease agreements for more than 90,000 square meters of warehouse space, including 41,000 square meters of newly leased space.

“ProLogis’ strategic and top quality build-to-suit opportunities are central to our success in the Czech Republic and across the CEE region,” said Mario Sander, ProLogis Market Officer for the Czech Republica and Slovakia. “ProLogis has a significant landbank portfolio and can accommodate all specific requirements and timeframes of our clients. Furthermore, all our customers can expect our full attention and our best efforts at providing the most reliable and flexible services. All of these factors were integral to a successful first quarter, in which we leased 90,000 square meters in the Czech Republic, which is 57 percent of the 158,000 square metres signed across the country.”

During the first quarter of the year, most ProLogis activity took place in Pilsen as well as in ProLogis logistic centres in Prague Greater Area.

ProLogis portfolio in the Czech Republic comprises approximately six distribution parks (26 buildings) totaling more than 600,000 square meters of warehouse and office space.