Prologis Signs Four Leasing Agreements in the Czech Republic

The transactions include:

 

    5,700 square metresleased at Prologis Park Prague D1 East (Building 2) to ESALogistika, part of the Hitachi Transportation Systems Group, one of the leading logistics companies in the CEE market. Cushman & Wakefield was the leasing agent for this transaction.

 

    5,700 square metresof additional space leased to Duke Manufacturing at Prologis Park Prague D1 East (Building 6). Duke Manufacturing expanded from its 2,100 square metre unit to a 7,800 square metre space at the same park. The transaction was brokered by Industrial Servis real estate agency.

 

    5,600 square metresleased at Prologis Park Pilsen-Stenovice (Building 3) to Duvenbeck Logistik, a German international full-service logistics provider. Colliers International was the leasing agent for this transaction.

 

    9,600 square metresrenewed by Raben Logistics at Prologis Park Prague D1 East (Building 1).

 

Martin Polák, Prologis Vice President and Market Officer for the Czech Republic and Slovakia, said: “Our reputation for listening to our customers’ needs, providing outstanding service and investing in long-term relationships has helped us attract new business and retain current customers, keeping our vacancy rate below the market average at 6.9%. We are delighted these organisations have chosen to partner with Prologis and look forward to supporting their continued growth in the Czech Republic.”

 

With its portfolio of six distribution parks, located in 27 buildings, totalling more than 630,000 square metres, Prologis is one of the leading operators of distribution facilities in the Czech Republic (as of June 30, 2013).

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