Customers Recognise Strategic Importance of Key Czech Logistics Location
PRAGUE – 11 December 2012 –Prologis, Inc., the leading global owner, operator and developer of industrial real estate, today announced that it has signed two new lease agreements at Prologis Park Prague-Uzice, a modern distribution park less than 30 kilometres north of Prague.
The new lease transactions include:
· 14,800 square metresleased to Thimm Obaly, a packaging management company, at building DC4;
· 12,600 square metresleased to VF Czech Services, an apparel and footwear company,at building DC1.
“Prologis Park Prague-Uzice is an efficient, cost-effective site that is strategically located on the D8 highway. The recent improvements to the road network around Prague, combined with Prologis’ exceptional property management services further strengthen the park’s proposition as a valuable logistics centre,” says Martin Polák, Prologis vice president and market officer for the Czech Republic and Slovakia.
“The ongoing reconfiguration of our customers’ supply chains has led to Uzice emerging as a key logistics location in the Czech Republic. These two large transactions demonstrate Prologis was right to invest in the site, while reinforcing our strong position in the Czech market. We are delighted to welcome Thimm Obaly and VF Czech Services, and look forward to working together to ensure their space meets their evolving needs.”
Prologis Park Prague-Uzice consists of four buildings totalling covering 97,000 square metres. The site can accommodate up to seven buildings totalling nearly 170,000 square metres of distribution space at full build-out. Located adjacent to the motorway, Prologis Park Prague-Uzice boasts excellent connections to Prague, the industrially developed north of the country, the German border and the international port of Hamburg.
The transactions increase Prologis’ Czech portfolio occupancy rate from 91.3% in the third quarter to 93.8% at the end of November 2012.
With its portfolio of six distribution parks located in 30 buildings totalling more than 633,000 square metres, Prologis is one of a leading operators of distribution facilities in the Czech Republic (as of 30 September 2012).
Prologis, Inc., is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. As of September 30, 2012, Prologis owned or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 52.5 million square metres (565 million square feet) in 21 countries. The company leases modern distribution facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.