Prologis has closed deals for its project at Prologis Park Prague-Airport for building 4, which was built on spec. The 14,400 sqm struture was leased to Ecologistics, an e-commerce specialist that took 8,864 sqm and to Belmont Trading which took 5,400 sqm. “Prologis began construction of Building 4 in the fourth quarter of 2017 and with these two new leases signed just weeks after completion, Prologis Park Prague-Airport is once again fully occupied,” said Martin Balaz, vice president, development and leasing, Prologis Czech Republic and Slovakia. “With strong customer demand and limited availability of space within core markets such as Prague, we are seeing strong rental growth as the occupancy rate in our Prague portfolio hits a record 99.0 percent.” Prologis Park Prague-Airport is adjacent to the D6 motorway at Exit 7, five minutes from Prague Airport. The park currently consists of four fully leased facilities totaling 87,400 square meters and has the potential for another 48,200 square meters of development.
