New Speculative Facility at Prologis Park Prague-Airport Fully Leased

27 July 2018

Prologis, Inc., the global leader in logistics real estate, today announced that it has signed new agreements to fully lease out the recently completed 14,477 square meter speculative facility Building 4 at Prologis Park Prague-Airport in the Czech Republic. Both transactions were facilitated by 108 Agency.

Prologis, Inc., the global leader in logistics real estate, today announced that it has signed new agreements to fully lease out the recently completed 14,477 square meter speculative facility Building 4 at Prologis Park Prague-Airport in the Czech Republic. Both transactions were facilitated by 108 Agency.

The lease agreements are:

“Prologis began construction of Building 4 in the fourth quarter of 2017 and with these two new leases signed just weeks after completion, Prologis Park Prague-Airport is once again fully occupied,” said Martin Balaz, vice president, development and leasing, Prologis Czech Republic and Slovakia. “With strong customer demand and limited availability of space within core markets such as Prague, we are seeing strong rental growth as the occupancy rate in our Prague portfolio hits a record 99.0 percent.”

Prologis Park Prague-Airport is adjacent to the D6 motorway at Exit 7, five minutes from Prague Airport. The park currently consists of four fully leased facilities totaling 87,400 square meters and has the potential for another 48,200 square meters of development. It has excellent access to national and international trade routes via the D0 to the D5 and D1 motorways. Public transportation links, including a bus stop in the park, provide connections to Kladno and Prague, as well as to the train station.

Prologis is a leading provider of distribution facilities in the Czech Republic with more than 1.1 million square meters of logistics and industrial space (as of June 30, 2018).

See also

Prologis Develops Two BTS Facilities in Wrocław

Prologis, Inc., the global leader in logistics real estate, announced today that it has begun construction of two build-to-suit (BTS) facilities totaling 40,000 square meters in Prologis Park Wrocław IV.

View more

Prologis Park Prague-Uzice Fully Occupied as Demand for Prague Space Outpaces Supply

Prologis, Inc., the global leader in logistics real estate, today announced that existing customer ROSSMANN, the German drugstore chain, with more than 135 stores currently operating in the Czech Republic,and almost 4 000 stores in other 6 European countries, increased its logistics footprint in the highly sought-after region of the Czech capital with a 15,000 square meter lease renewal and 5,000 square meter expansion at Prologis Park Prague-Uzice.

View more

Prologis Developes Second BTS Facility for CERVA GROUP at Park Prague-Airport

Prologis, Inc., the global leader in logistics real estate, today announced that it has begun a build-to-suit project totaling 9,817 square meters at Prologis Park Prague-Airport for CERVA GROUP a.s., a leading Czech producer of protective personal equipment and workwear.

View more