Tuesday, August 11, 2020
Home News Warehousing, logistics and industrial Prologis acquires 230,000 sqm in Central Europe

Prologis acquires 230,000 sqm in Central Europe

Prologis European Properties Fund II (“PEPF II”) has acquired a portfolio of around 230,000 sqm in the Czech Republic, Poland and Slovakia.

The portfolio encompasses 23 Class-A distribution centres, including: 17 properties totalling 163,000 sqm in Prague, Czech Republic. Prologis Park Prague-Rudna is located on the D5 highway, with direct connection to Germany and proximity to Prague International Airport.

Four properties totalling 55,400 sqm in Warsaw, Poland – Prologis Park Warsaw-Zeran is located near the Warsaw city center east of the A2 highway, a key regional transport route; and two properties totalling 11,600 sqm in Bratislava, Slovakia. These facilities are adjacent to Prologis Park Bratislava and include 7.8 ha of land with a build-out potential of 38,400 sqm of logistics space.

“We are pleased to acquire such well-located logistics facilities at a discount to replacement costs,” said Philip Dunne, president, Prologis Europe. “These high-quality assets complement our existing portfolio. The Prague assets, in particular, are in a long-established park that will benefit from an increase in labour availability in the years to come.”

JLL real estate agency advised Prologis on this transaction.

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