Prologis, Inc. today announced it has acquired Prague Modletice D1, a high-quality 16,000 square metre logistics facility located in the Prague D1 zone of the Czech Republic from Centaurus Logistics S.á.r.l.
As the only available vacant facility in the D1 zone, Prague Modletice D1 – now renamed Prologis Park Prague D1 West II – offers modern industrial space on three hectares of land in Modletice, near Exit 10 of the D1 Highway, which is approximately 11 kilometres southeast of Prague.
“This is Prologis’ third park in the D1 zone and a key addition to our portfolio, as there is no large industrial space available in this vicinity and we are seeing demand from existing occupiers who are asking for expansion possibilities within our portfolio,” said Ben Bannatyne, managing director, Prologis Central & Eastern Europe. “This area is the most popular and active submarket in Prague and during the last nine months, Prologis has seen a strong increase in activity.”
Prologis Park Prague D1 West II is ideally positioned for domestic distribution and to be a Central European hub. The location is only 20 minutes from the international airport and connects Prague with the Brno region. It provides further access to Ostrava, Bratislava, and Vienna.
With this acquisition, Prologis’ high-quality portfolio in the Czech Republic comprises 650,000 square metres across seven distribution parks.
