Prologis has broken ground on a speculative facility totalling 18,500 sqm at Prologis Park Wroclaw V. Construction is scheduled for completion in the third quarter of 2015.
The facility is the sixth to be built at Prologis Park Wroclaw V, a state-of-the-art industrial park that is fully occupied, and Prologis’ 22nd in the Lower Silesia market. The level of occupancy in the existing portfolio of 21 facilities is 99 percent.
“High demand combined with one of the lowest vacancy rates in Poland has motivated us to continue investing in the Wroclaw market,” said Paweł Sapek, Prologis senior vice president and country manager for Poland. “Our financial strength means we can put our land bank to work, providing brand new facilities within a matter of months.”
Prologis Park Wroclaw V consists of four build-to-suit facilities totalling more than 90,000 sqm and one 27,000 sqm speculative building. It offers 141,500 sqm of additional development potential.
The park has direct access to the A4 motorway, which provides a connection between Germany, Ukraine, the Czech Republic and Poland.