Prologis, Inc., the global leader in logistics real estate, today announced that demand for space at its new Prologis Park Brno has prompted the construction of a second speculative facility at the Czech site.
The new building, scheduled for completion in the second quarter of 2019, will comprise 39,800 square meters of high-quality sustainable logistics space. The space has been designed for flexibility: It can be divided into smaller units upwards of 3,500 square meters. Like all new Prologis buildings, it will be submitted for BREEAM accreditation.
The new building follows on the heels of the completion in October of the first facility at the new site, which is already 70-percent leased. The new park will ultimately comprise three buildings totaling 90,000 square meters.
“Rent levels in these prized locations have risen significantly over the last two years due to limited development opportunities, low vacancy rates and rising construction costs — common trends in the most attractive global markets,” says Martin Balaz, vice president, leasing and development, Prologis Czech Republic and Prologis Slovakia. “The prompt start to construction of this second speculative facility is in response to strong customer appetite for quality space backed by Prologis’ superior customer service.”
Prologis Park Brno is in one of the company’s core locations, which are distinguished by their proximity to large population centers and major international transport routes. The prime location of the park directly on the D52 motorway, which links Brno to Vienna, makes it an ideal distribution hub for domestic and international logistics service providers and light manufacturers that need 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 million square meters of logistics and industrial space (as of September 30, 2018).