Second Speculative Facility Fully Leased at Prologis Park Prague-Airport

Customers lease space within days of completion

Prologis, Inc., the global leader in logistics real estate, today announced that it has signed two new lease agreements totalling 12,100 square metres at its second speculative development at Prologis Park Prague-Airport. The park is now 100-percent leased.

Details of the lease agreements are as follows:

“The speed at which this new development has been leased reflects demand for high-quality logistics space in the right locations,” said Martin Baláž, director of leasing and development, Prologis Czech Republic and Slovakia. “With its solid operating fundamentals, Prologis Park Prague-Airport was the clear choice for speculative development.”

Prologis Park Prague-Airport is adjacent to the D6 motorway at Exit 7, five minutes from Prague Airport. The park, which comprises three buildings totalling 73,000 square metres and 48,000 square metres of potential future development, has excellent access to national and international trade routes via the D0 and on 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 one of the leading providers of distribution facilities in the Czech Republic with more than 1 million square metres of logistics and industrial space (as of 31 December 2016).