Prologis Targets Czech Republic for Speculative Development

Prologis, Inc., the leading global owner, operator and developer of industrial real estate, today announced it has begun construction of a 22,500-square-metre, speculatively-developed facility in Prologis Park Prague D1 West.

Located opposite Prologis Park Prague D1 East and next to the D1 motorway and 11 kilometres southeast of Prague city centre,Prologis Park Prague D1 West comprises four buildings totalling more than 52,000 square metres of modern distribution space. Current customers include DHL Supply Chain and Nagel Česko. The new facility will increase the total leasable area at Prologis Park Prague D1 West and Prologis Park Prague D1 East to 212,000 square metres.

“Prologis Park Prague D1 West & East is a highly sought after logistics location that is more than 97 percent occupied,” said Ben Bannatyne, Managing Director and Regional Head for Prologis CEE. “With limited supply and continued interest from prospective customers, we look forward to fulfilling growing space requirements in this market with a targeted approach to speculative development.”

With 27 facilities in six parks, Prologis provides more than 633,000 square metres of high quality distribution space in the Czech Republic as of June 30, 2013.