Friday, September 25, 2020
Home News Warehousing, logistics and industrial Prologis acquires site for new logistics park in premium location near Prague

Prologis acquires site for new logistics park in premium location near Prague

Prologis announced the acquisition of 2.4 hectares in the highly sought-after Prague logistics market.

The site is next to the D1 highway, the Czech Republic’s main arterial route. Prologis currently owns three 99-percent-occupied logistics parks totaling 238,000 sqm on the D1 highway near Prague. Upon completion, the park will be named Prologis Park Prague D1 Ostredek.

Construction of the first development of approximately 10,000 sqm at the new park is planned to begin in mid-2019. The facility will offer customers sustainable and above-standard features including LED lighting, solar hot water heating in the office space, online smart metering for utilities, thicker thermal and roof insulation, and increased loading dock ratio to one dock per 370 sqm. The building will be submitted for BREEAM Very Good accreditation.

“The acquisition of this site in such a premium location is our response to strong customer demand for state-of-the-art logistics space in this sought-after area,” says Martin Balaz, vice president, country manager, Prologis Czech Republic and Prologis Slovakia. “This new high-quality, energy-efficient facility backed with exceptional property management services will allow customers to fully focus on their business operations.”

Prologis Park Prague D1 Ostredek is located directly off the major D1 motorway, next to exit 34. This excellent location permits travel to Prague City Center in about 30 minutes. Other major population centers such Brno or Ostrava are within 1.5 and 3.5 hours, respectively. The site also provides easy access to markets in Slovakia, Austria, Hungary and Poland.

Prologis is a leading provider of distribution facilities in the Czech Republic with more than 1.1 million sqm of logistics and industrial space (as of December 31, 2018).

Most Popular

M7 acquires Katowice office building for new CEE fund

M7 Real Estate has undertaken its first acquisition on behalf of M7 CEREF II, its value-add opportunities fund focused on offices and...

Metropol Group acquires five shopping centres in Poland

Greenberg Traurig advised Metropol Group on the acquisition of a shopping centre portfolio, consisting of five regional convenience stores is located in...

Weerts Group to start new warehouse development near Budapest

The logistics sector of Hungary is booming with foreign investors continuing to be optimistic about the market outlook. The latest evidence of...

Panattoni sells two city logistics parks in Warsaw to LaSalle

Panattoni and Marvipol have sold two city logistics parks in Warsaw to LaSalle Investment Management. The facilities, totalling nearly 25,000 sqm, were...