L’Oreal extends lease at Prologis Park Prague D1 East

L’Oréal has extended its lease at Prologis Park Prague D1 East until 2021 in a deal brokered by Cushman & Wakefield. “L’Oréal’s strategic objective was to make sure that its storage facilities are located near the D1 motorway primarily with regard to the connection to the countries within the region where the company operates,” says Robert Bocker, Head of the Industrial Brokerage Division for the Czech Republic at Cushman & Wakefield. L’Oréal occupies 13,750 sqm at the park, which is is located approximately 11 km southeast of Prague. L’Oréal uses it to service the Czech Republic, Slovakia and Hungary and has its headquarters in Prague. “The location close to the D1 and the favourable conditions for storage and e-commerce operations are an important factor for us in terms of the entire region’s logistics. Since the storage facility serves for the distribution of products to all three countries of the region, this is the best location for us,” says Jaromír Zika, Operations Director for the Czech Republic, Hungary and Slovakia.