The transactions include:

•    5,160 square metres in DC8 with Logflex, a Czech third-party logistics provider. 108 agency facilitated this transaction.

•    5,200 square metres in DC9 with Nagel-Group, a European food logistics provider specializing in temperature controlled goods. Nagel simultaneously extended its existing lease for 13,700 square metres in DC2 at Prologis Park Prague D1 West.

Both facilities are scheduled for completion in the third quarter of 2016. The tenant activity is progressive and the increase in demand is significant in other markets of the CEE region as well. The Hungarian Prologis portfolio occupancy level stands at 97.5 percent.

“We are thrilled to have acquired additional land in such a sought-after area with a 100-percent occupancy rate,” said Martin Polák, senior vice president and regional head, Prologis Central and Eastern Europe. “This planned expansion is fully in line with our strategy of providing our customers with the best locations for their businesses. The D1 zone offers an ideal platform for companies operating throughout the region, which explains the consistently strong demand we see here.”

Prologis Park Prague D1 East is located approximately 11 kilometres southeast of Prague at the Říčany/Jesenice junction and currently consists of seven buildings that total 130,000 square metres of state-of-the-art distribution space. Its proximity to the major D1 motorway offers excellent access to the Prague city centre, as well as numerous domestic and foreign trade routes.

Prologis is one of the leading providers of distribution facilities in the Czech Republic with more than 950,000 square metres of logistics and industrial space (as of December 31, 2015).