Prologis has signed two lease extensions totalling more than 26,000 sqm and leased additional 8,000 sqm in its parks in Prague region.
The transactions include: 13,747 sm renewal at Prologis Park Prague D1 East with L’Oreal, the world´s leading beauty company; 12,731 sqm renewal at Prologis Park Prague D1 East with Marvinpac CZ, a co-packing and co-manufacturing service provider; 8,764 sqm expansion at Prologis Park Prague-Uzice with e-shop giant Alza.cz, bringing its total leased area to 21,445 sqm.
“These transactions reflect Prologis’ strategy of optimising our customers’ operations throughout their active markets by offering them flexible, Class-A solutions in prime locations,” said Marek Muller, director development and leasing Czech Republic for Prologis. “Prologis’ experienced property management team contributes tremendously to the satisfaction of our customers and to the overall performance of these parks.”
Prologis Park Prague D1 East is located 11 kilometres south-east of Prague at the Říčany/Jesenice junction and consists of seven buildings, totalling 130,000 sqm of state-of-the-art distribution space. Its proximity to the major D1 motorway offers excellent access to Prague city centre within 15 minutes as well as numerous domestic and foreign trade routes.
Prologis Park Prague-Uzice is located just nine kilometers from the city border north of Prague on the D8 Motorway, providing efficient access to major transport routes to Germany and Prague International Airport.
The park currently consists of 97,500 sqm of modern warehouse and office space.