Prologis is set to expand Prologis Park Prague D1 East by developing two additional buildings, DC8 and DC9, totalling 10,360m2, for which two pre-leasing agreements have been signed prior to construction.
The transactions include: 5,160m2 in DC8 with Logflex, a Czech third-party logistics provider, and 5,200m2 in DC9 with Nagel-Group, a European food logistics provider specializing in temperature controlled goods. Nagel simultaneously extended its existing lease for 13,700m2 in DC2 at Prologis Park Prague D1 West. Both facilities are scheduled for completion in Q3 2016.
“We are thrilled to have acquired additional land in such a sought-after area with a 100-percent occupancy rate,” said Martin Polák, senior vice president and regional head, Prologis Central and Eastern Europe. “This planned expansion is fully in line with our strategy of providing our customers with the best locations for their businesses. The D1 zone offers an ideal platform for companies operating throughout the region, which explains the consistently strong demand we see here.”
Prologis Park Prague D1 East is located approximately 11km southeast of Prague at the Říčany/Jesenice junction and currently consists of seven buildings that total 130,000m2 of state-of-the-art distribution space. Its proximity to the major D1 motorway offers excellent access to the Prague city centre, as well as numerous domestic and foreign trade routes.
