New Speculative Facility at Prologis Park Prague-Airport Fully Leased
Prologis, Inc., the global leader in logistics real estate, today announced that it has signed new agreements to fully lease out the recently completed 14,477 square meter speculative facility Building 4 at Prologis Park Prague-Airport in the Czech Republic. Both transactions were facilitated by 108 Agency.
The lease agreements are:
- 8,864 square meters for ECOLOGISTICS, an e-commerce transport company;
- 5,395 square meters for Belmont Trading, a leading global company focused on electronics refurbishment and electronics recycling.
“Prologis began construction of Building 4 in the fourth quarter of 2017 and with these two new leases signed just weeks after completion, Prologis Park Prague-Airport is once again fully occupied,” said Martin Balaz, vice president, development and leasing, Prologis Czech Republic and Slovakia. “With strong customer demand and limited availability of space within core markets such as Prague, we are seeing strong rental growth as the occupancy rate in our Prague portfolio hits a record 99.0 percent.”
Prologis Park Prague-Airport is adjacent to the D6 motorway at Exit 7, five minutes from Prague Airport. The park currently consists of four fully leased facilities totaling 87,400 square meters and has the potential for another 48,200 square meters of development. It has excellent access to national and international trade routes via the D0 to the D5 and D1 motorways. Public transportation links, including a bus stop in the park, provide connections to Kladno and Prague, as well as to the train station.
Prologis is a leading provider of distribution facilities in the Czech Republic with more than 1.1 million square meters of logistics and industrial space (as of June 30, 2018).